NextSource Materials Inc's latest earnings report shows a significant miss on EPS estimates, raising questions about its financial future.
NextSource Materials Inc (NEXT.TO) reported its fiscal Q2 2026 results after the market closed on September 29, 2026. The company recorded an earnings per share (EPS) of -$0.085, which fell short of analyst expectations by 183.3%. This disappointing performance continues a trend of underwhelming earnings for the company, with no beats in the past four quarters.
Recent earnings trend
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NextSource Materials Inc
NEXT.TO
NEXT.TO
NextSource Materials Inc
WealthAwesomeMarket cap
$68.76M
52W high
$0.63
52W low
$0.24
1W change
+9.80%
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 185.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$0.80
+185.7% Upside
Current Price
C$0.28
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
59.9%
Annualized
90-Day Vol
61.0%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$0.23
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.26 | C$0.21 – C$0.32 |
| 60 trading days | C$0.25 | C$0.19 – C$0.33 |
| 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 | 2026-09-29 | -0.0850 | -0.0300 | -183.3% |
| 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 with NextSource Materials as the company struggles to meet earnings expectations. The significant miss on EPS could impact investor confidence, despite ongoing strategic partnerships and projects aimed at boosting future growth.
183.3% Earnings Miss
NextSource's EPS of -$0.085 compared to the estimated -$0.03 highlights ongoing financial struggles, emphasizing the need for improved operational performance.
Bull case
The recent $30 million strategic investment from Hanwa and JOGMEC for NextSource's Battery Anode Facility in the UAE shows strong support for the company's growth strategy. If this project succeeds, it could position NextSource well in the rapidly growing EV battery market.
Bear case
The continued earnings misses raise concerns about the company's operational efficiency and ability to generate profit. With a profit margin of 0.00% and a TTM EPS of -0.28, NextSource may face challenges in attracting further investment if it cannot show a clear path to profitability.
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