NextSource Materials Inc's recent earnings report highlights some serious challenges as it falls short of expectations, raising concerns about its financial future.
NextSource Materials Inc (NEXT.TO) reported its latest earnings on September 28, 2026, showing an EPS of -$0.08, which missed analysts' expectations by 166.7%. This continues a trend of disappointing earnings for the company, which has not met estimates in its last four quarters.
Recent earnings trend
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NextSource Materials Inc
NEXT.TO
NEXT.TO
NextSource Materials Inc
WealthAwesomeMarket cap
$65.07M
52W high
$0.63
52W low
$0.24
1W change
-1.85%
Beta
0.53
Analyst Price Targets
Based on analyst covering NEXT · as of Sep 17, 2026
Wall Street analysts forecast NEXT stock price to rise 201.9% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$0.80
+201.9% Upside
Current Price
C$0.27
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on NEXT's historical volatility
30-Day Vol
58.2%
Annualized
90-Day Vol
61.4%
Annualized
Trend (90d)
-37.9%
Annualized drift
90d Mean
C$0.23
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.25 | C$0.21 – C$0.31 |
| 60 trading days | C$0.24 | C$0.18 – C$0.32 |
| 90 trading days | C$0.23 | C$0.16 – C$0.33 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-09-28 | -0.0800 | -0.0300 | -166.7% |
| 2026-03-31 | 2026-05-08 | -0.0400 | -0.0400 | +0.0% |
| 2025-12-31 | 2026-02-17 | -0.0712 | — | — |
| 2025-09-30 | 2025-11-12 | -0.1029 | — | — |
| 2025-06-30 | 2025-09-24 | -0.1029 | — | — |
| 2025-03-31 | 2025-05-15 | -0.0203 | — | — |
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Investor takeaway: Investors should be cautious as NextSource struggles to achieve profitability amid ongoing operational challenges and a recent earnings miss. While the company's strategic partnership with Hanwa and JOGMEC may offer some hope for future growth, uncertainty remains high.
Bull case
The recent US$30 million investment from Hanwa and JOGMEC to advance the Battery Anode Facility in the UAE could give NextSource's operations a much-needed boost, potentially leading to increased revenue in the battery materials sector.
Bear case
Given its history of missed earnings estimates, NextSource's financial stability is in question. The company has yet to show consistent profitability, leaving investors concerned about its long-term growth prospects.
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