Nebius Group NV (NASDAQ:NBIS) heads into third-quarter financial results with momentum. The company is set to report quarterly results Thursday before market open.
Here are the earnings estimates, what experts are saying and key items to watch.
Nebius Q3 Earnings Estimates
Analysts expect Nebius to report third-quarter revenue of $907.53 million, up from $146.1 million in last year’s third quarter, according to data from Benzinga Pro.
The company has beaten analyst revenue estimates in each of the last two quarters, but in only two of the last six.
Analysts expect Nebius to report a loss of 69 cents per share, versus a loss of 40 cents per share in last year’s third quarter.
The company has beaten analyst estimates for earnings per share in six straight quarters.
What Experts Are Saying
Freedom Capital Markets Chief Market Strategist Jay Woods says Nebius stock has been under pressure after nearly quadrupling from February to July as investors question if the costly expansion will produce strong enough returns.
"Nebius supplies the computing muscle behind the AI buildout, operating data centers packed with Nvidia GPUs that customers rent to train and run AI models," Woods said in a weekly newsletter.
Woods said that higher financing costs and fears of restrictions on new data centers being built put pressure on the company and sector.
"Investors will want to hear if those fears have been overblown when they report Thursday before the bell."
Looking at the chart, Woods says Nebius stock is in a "clear breakdown from a major support level." The market expert sees shares as "slightly oversold near term."
"For Nebius one may want to start buying smaller amounts on any leg lower. In time we should get a relief rally back to these recent gaps and the major moving averages. The question is from what lower level."
Here are recent analyst ratings on Nebius stock and their price targets:
- Citigroup: Maintained Buy rating, lowered price target from $324 to $265
- Piper Sandler: Maintained Neutral rating, lowered price target from $237 to $185
- Rosenblatt: Initiated with Buy rating, price target of $304
Key Items to Watch
Nebius comes into earnings a day after fellow neocloud company CoreWeave Inc (NASDAQ:CRWV) reported quarterly results.
CoreWeave reported a double beat and raised full-year guidance, leading to shares climbing higher today. Nebius shares are also rising in sympathy.
In the second quarter, Nebius reported overall revenue up 454% year over year and AI cloud revenue up 514% year over year. The company also said it closed four landmark deals in the second quarter, with an average total contract value of $1 billion or more each.
Those results and commentary sent shares higher after earnings.
Nebius stock has since declined from the post second-quarter highs in August. The stock is now down about 47% from all-time highs set back in June.
The AI sector has faced pressure in recent weeks. Judging by CoreWeave’s results and stock move, investors are likely expecting a double beat, raised guidance and strong commentary on demand. A miss on any of those three areas could put pressure on shares.
Nebius Stock Price Action
Nebius shares were up 17.93% at $158.03 at the time of publication Wednesday, according to Benzinga Pro data. The stock has a 52-week trading range of $73.52 to $299.86. Shares are up about 12% over the past five trading days but down about 29% over the past month. The stock is up about 89% year to date.
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