We developed the Zacks Rank to capitalize on this phenomenon. Our research shows that these estimate changes are directly correlated with near-term stock prices. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Recent revisions tend to reflect the latest near-term business trends. These results would represent year-over-year changes of +67.7% and +51.04%, respectively.Īny recent changes to analyst estimates for NVDA should also be noted by investors. NVDA's full-year Zacks Consensus Estimates are calling for earnings of $9.71 per share and revenue of $16.49 billion. Meanwhile, our latest consensus estimate is calling for revenue of $4.82 billion, up 55.26% from the prior-year quarter.
On that day, NVDA is projected to report earnings of $2.80 per share, which would represent year-over-year growth of 48.15%.
Wall Street will be looking for positivity from NVDA as it approaches its next earnings report date.
Heading into today, shares of the maker of graphics chips for gaming and artificial intelligence had lost 3.34% over the past month, lagging the Computer and Technology sector's gain of 4.54% and the S&P 500's gain of 2.59% in that time. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.15%. This change outpaced the S&P 500's 0.13% gain on the day. Nvidia ( NVDA Quick Quote NVDA - Free Report) closed the most recent trading day at $525.83, moving +1.56% from the previous trading session.
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