We developed the Zacks Rank to capitalize on this phenomenon. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These recent revisions tend to reflect the evolving nature of short-term business trends. Investors might also notice recent changes to analyst estimates for Nvidia. These totals would mark changes of +21.4% and +25.14%, respectively, from last year. This represents a premium compared to its industry's average Forward P/E of 16.24.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.39 per share and revenue of $33.68 billion. In terms of valuation, NVDA is currently trading at a Forward P/E ratio of 30.92. NVDA currently has a Zacks Rank of #3 (Hold). Over the past month, the Zacks Consensus EPS estimate remained stagnant. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These revisions typically reflect the latest short-term business trends, which can change frequently. Investors should also note any recent changes to analyst estimates for NVDA. Our most recent consensus estimate is calling for quarterly revenue of $2.55 billion, down 18.46% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of $5.28 per share and revenue of $10.90 billion, which would represent changes of -20.48% and -6.93%, respectively, from the prior year.
On that day, NVDA is projected to report earnings of $1.14 per share, which would represent a year-over-year decline of 41.24%. NVDA will be looking to display strength as it nears its next earnings release. Heading into today, shares of the maker of graphics chips for gaming and artificial intelligence had gained 17.34% over the past month, outpacing the Computer and Technology sector's gain of 3.51% and the S&P 500's gain of 3.62% in that time. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq added 0.48%. This move outpaced the S&P 500's daily gain of 0.58%. Nvidia (NVDA) closed at $164.23 in the latest trading session, marking a +0.61% move from the prior day.
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