NextNav (NASDAQ:NN) is gearing up to unveil its latest quarterly earnings report on March 13, 2024. Analysts are forecasting an earnings per share (EPS) of $-0.14 for the company. It is crucial for investors to not only focus on whether NextNav surpasses this estimate but also on the guidance provided for future growth, as this could have a significant impact on stock prices.
Looking back at past performance, in the previous quarter, NextNav fell short of the EPS by $0.08, resulting in a 0.61% decline in share price the following day. Here is a recap of NextNav’s historical performance:
Q3 2023: EPS Estimate -0.13, EPS Actual -0.21, Price Change -1.0%
Q2 2023: EPS Estimate -0.14, EPS Actual -0.15, Price Change 13.0%
Q1 2023: EPS Estimate -0.17, EPS Actual -0.15, Price Change 22.0%
Q4 2022: EPS Estimate -0.16, EPS Actual -0.12, Price Change -9.0%
As of March 11, NextNav’s shares were trading at $5.26, showing a positive trend over the past 52 weeks with a remarkable 150.97% increase. This upward trajectory indicates that long-term shareholders are likely feeling optimistic about the upcoming earnings report.
For more comprehensive insights into NextNav’s earnings releases and performance history, investors can consult their earnings calendar on various financial platforms such as Nasdaq and TipRanks.
NN Stock Price Update: March 12, 2024 – Slight Decrease Indicates Temporary Fluctuation
On March 12, 2024, NN stock experienced a slight decrease in its price, dropping by $0.04 or 0.86% since the market last closed. Despite this decrease, NN is still trading near the top of its 52-week range and above its 200-day simple moving average, indicating a strong performance overall. The stock opened at $5.29, which was $0.03 higher than its previous close. This slight increase at the opening bell may have initially indicated positive momentum for NN shares. However, the subsequent drop in price throughout the day resulted in a net decrease by the time the market closed. Investors and analysts will be closely monitoring NN’s performance in the coming days to see if this slight dip in price is indicative of a larger trend or if it was just a temporary fluctuation. The fact that NN is still trading near the top of its 52-week range suggests that there is still confidence in the stock among investors. It is important for investors to conduct their own research and analysis before making any investment decisions based on stock performance. Market conditions can change rapidly, and it is crucial to stay informed and up to date on the latest developments in order to make informed decisions.
NN Stock Performance: Positive Yearly Growth but Decline in Quarterly Metrics – March 12, 2024
NN stock had a mixed performance on March 12, 2024, as the company’s financial data showed both positive and negative trends. According to CNN Money, NN’s total revenue for the past year was $3.93 million, which represents a significant increase of 414.55% compared to the previous year. Additionally, the total revenue increased by 28.38% since the last quarter, reaching $1.03 million.
NN reported a net income of -$40.12 million for the past year, showing an improvement of 74.69% compared to the previous year. However, the net income decreased by 47.24% since the last quarter, standing at -$23.22 million. Similarly, the earnings per share (EPS) for the past year was -$0.40, indicating a 94.1% increase compared to the previous year. Nevertheless, the EPS decreased by 45.5% since the last quarter, reaching -$0.21.
Overall, NN’s stock performance on March 12, 2024, reflects a mixed financial situation for the company. While the total revenue and net income showed positive year-over-year growth, there was a decline in both metrics since the last quarter. Investors and analysts will closely monitor NN’s upcoming financial reports to assess the company’s future performance and potential investment opportunities.
