NextNav Inc. (NASDAQ:NN) Expected to Announce Earnings of -$0.11 Per Share

Wall Street analysts expect that NextNav Inc. (NASDAQ:NNGet Rating) will report earnings of ($0.11) per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for NextNav’s earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.13). The company is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that NextNav will report full-year earnings of ($0.46) per share for the current year, with EPS estimates ranging from ($0.47) to ($0.44). For the next financial year, analysts expect that the company will post earnings of ($0.52) per share, with EPS estimates ranging from ($0.61) to ($0.43). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow NextNav.

NextNav (NASDAQ:NNGet Rating) last posted its quarterly earnings data on Wednesday, March 23rd. The company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.50). The business had revenue of $0.02 million for the quarter, compared to analysts’ expectations of $1.23 million.

A number of equities analysts recently issued reports on NN shares. R. F. Lafferty decreased their price objective on NextNav from $16.00 to $15.00 in a report on Monday, May 16th. B. Riley decreased their price target on NextNav from $17.00 to $14.25 in a research note on Friday, May 13th.

NASDAQ NN traded down $0.04 on Friday, hitting $3.28. The stock had a trading volume of 9,388 shares, compared to its average volume of 271,758. The company’s 50-day moving average is $6.64 and its two-hundred day moving average is $7.35. NextNav has a one year low of $3.30 and a one year high of $15.32.

A number of institutional investors have recently added to or reduced their stakes in NN. BlackRock Inc. increased its stake in NextNav by 173.3% during the 1st quarter. BlackRock Inc. now owns 3,329 shares of the company’s stock valued at $25,000 after buying an additional 2,111 shares during the period. Citigroup Inc. acquired a new position in NextNav during the 1st quarter valued at about $26,000. Wolverine Asset Management LLC acquired a new position in NextNav during the 1st quarter valued at about $29,000. Penserra Capital Management LLC acquired a new position in NextNav during the 4th quarter valued at about $34,000. Finally, UBS Group AG increased its stake in NextNav by 189.9% during the 1st quarter. UBS Group AG now owns 4,691 shares of the company’s stock valued at $35,000 after buying an additional 3,073 shares during the period. 66.47% of the stock is currently owned by hedge funds and other institutional investors.

About NextNav (Get Rating)

NextNav Inc provides next generation global positioning system (GPS) and 3D geolocation services. The company delivers next generation positioning, navigation, and timing solutions through its network-based Pinnacle and TerraPoiNT solutions. Its Pinnacle 3D geolocation service is commercially available in approximately 4,400 cities and towns in the United States; and its TerraPoiNT terrestrial-based encrypted network has deployments in 51 total markets nationally.

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