Analysts on Wall Street project that Nvidia (NVDA) will announce quarterly earnings of $1.00 per share in its forthcoming report, representing an increase of 47.1% year over year. Revenues are projected to reach $46.03 billion, increasing 53.2% from the same quarter last year.
Over the last 30 days, there has been an upward revision of 0.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Nvidia metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Revenue- OEM and Other' should come in at $110.64 million. The estimate suggests a change of +25.7% year over year.
The combined assessment of analysts suggests that 'Revenue- Automotive' will likely reach $573.33 million. The estimate points to a change of +65.7% from the year-ago quarter.
Analysts forecast 'Revenue- Data Center' to reach $40.97 billion. The estimate indicates a year-over-year change of +56%.
It is projected by analysts that the 'Revenue- Professional Visualization' will reach $524.97 million. The estimate indicates a year-over-year change of +15.6%.
Based on the collective assessment of analysts, 'Revenue- Gaming' should arrive at $3.84 billion. The estimate indicates a year-over-year change of +33.2%.
View all Key Company Metrics for Nvidia here>>>
Over the past month, shares of Nvidia have returned +0.7% versus the Zacks S&P 500 composite's +1.1% change. Currently, NVDA carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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NVIDIA Corporation (NVDA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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