NextDecade (NEXT) Projected to Post Earnings on Wednesday

Key Points

• NextDecade is scheduled to release its Q2 2025 earnings on August 13th, with analysts projecting a loss of ($0.38) per share.
• Shares of NextDecade opened at $11.06 and have a market cap of $2.90 billion, with a P/E ratio of -14.18.
• Several brokerages have upgraded NextDecade's ratings and price targets, including Morgan Stanley, which raised its target from $10.00 to $15.00.

NextDecade (NASDAQ:NEXT - Get Free Report) is anticipated to announce its Q2 2025 earnings results before the market opens on Wednesday, August 13th. Analysts expect the company to announce earnings of ($0.38) per share for the quarter.

NextDecade (NASDAQ:NEXT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.23) earnings per share for the quarter, meeting the consensus estimate of ($0.23). On average, analysts expect NextDecade to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

NextDecade Stock Performance

Shares of NEXT stock traded down $0.07 during midday trading on Wednesday, hitting $10.99. 4,910,615 shares of the company were exchanged, compared to its average volume of 2,998,922. NextDecade has a 52 week low of $4.27 and a 52 week high of $12.12. The firm has a market capitalization of $2.88 billion, a P/E ratio of -14.09 and a beta of 1.22. The firm's 50 day moving average price is $9.61 and its two-hundred day moving average price is $8.39. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.85 and a current ratio of 0.70.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in NextDecade by 13.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 277,307 shares of the company's stock valued at $2,157,000 after buying an additional 33,941 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of NextDecade during the 1st quarter worth $185,000. Millennium Management LLC grew its position in NextDecade by 10.1% during the first quarter. Millennium Management LLC now owns 1,404,770 shares of the company's stock valued at $10,929,000 after buying an additional 128,568 shares during the period. AQR Capital Management LLC bought a new stake in shares of NextDecade in the 1st quarter worth approximately $386,000. Finally, Comerica Bank raised its stake in shares of NextDecade by 88.0% in the first quarter. Comerica Bank now owns 4,060 shares of the company's stock valued at $32,000 after buying an additional 1,900 shares during the period. Institutional investors and hedge funds own 66.74% of the company's stock.

Analyst Ratings Changes

NEXT has been the subject of a number of research analyst reports. Morgan Stanley reissued an "overweight" rating and set a $15.00 price target (up previously from $10.00) on shares of NextDecade in a report on Friday, July 11th. Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating in a research report on Tuesday, June 24th. Seaport Res Ptn upgraded shares of NextDecade to a "strong-buy" rating in a report on Friday, July 25th. Finally, TD Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating and set a $11.00 price objective on the stock in a research report on Tuesday, June 24th.

About NextDecade

NextDecade Corp. is a development company.