Key Points:
Stock Performance: Nvidia closed the latest trading day at $111.59, indicating a -1.3% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.08%.
The Dow saw a downswing of 0.12%, while the tech-heavy Nasdaq appreciated by 0.07%.
Recent Performance: Shares of Nvidia have depreciated by 8.48% over the past month, underperforming the Computer and Technology sector's loss of 4.62% and the S&P 500's loss of 0.21%.
Upcoming Earnings: Nvidia is slated to reveal its earnings on August 28, 2024. It is anticipated that the company will report an EPS of $0.64, marking a 137.04% rise compared to the same quarter of the previous year.
The latest consensus estimate predicts the revenue to be $28.24 billion, indicating a 109.04% increase compared to the same quarter of the previous year.
Fiscal Year Projections: For the entire fiscal year, the Zacks Consensus Estimates project earnings of $2.69 per share and revenue of $117.82 billion, representing changes of +106.92% and +93.39%, respectively, from the prior year.
Analyst Estimates: Recent changes to analyst estimates for Nvidia reflect shifting dynamics of short-term business patterns. Positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
The consensus EPS projection has moved 0.28% higher within the past 30 days.
Valuation Metrics: Nvidia's current valuation metrics include a Forward P/E ratio of 42.05, which is a premium compared to the average Forward P/E of 30.36 of its industry.
Nvidia has a PEG ratio of 1.12, compared to the Semiconductor - General industry's average PEG ratio of 2.33.
Stock Performance: Nvidia closed the latest trading day at $111.59, indicating a -1.3% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.08%.
The Dow saw a downswing of 0.12%, while the tech-heavy Nasdaq appreciated by 0.07%.
Recent Performance: Shares of Nvidia have depreciated by 8.48% over the past month, underperforming the Computer and Technology sector's loss of 4.62% and the S&P 500's loss of 0.21%.
Upcoming Earnings: Nvidia is slated to reveal its earnings on August 28, 2024. It is anticipated that the company will report an EPS of $0.64, marking a 137.04% rise compared to the same quarter of the previous year.
The latest consensus estimate predicts the revenue to be $28.24 billion, indicating a 109.04% increase compared to the same quarter of the previous year.
Fiscal Year Projections: For the entire fiscal year, the Zacks Consensus Estimates project earnings of $2.69 per share and revenue of $117.82 billion, representing changes of +106.92% and +93.39%, respectively, from the prior year.
Analyst Estimates: Recent changes to analyst estimates for Nvidia reflect shifting dynamics of short-term business patterns. Positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
The consensus EPS projection has moved 0.28% higher within the past 30 days.
Valuation Metrics: Nvidia's current valuation metrics include a Forward P/E ratio of 42.05, which is a premium compared to the average Forward P/E of 30.36 of its industry.
Nvidia has a PEG ratio of 1.12, compared to the Semiconductor - General industry's average PEG ratio of 2.33.