In terms of valuation, Nvidia is currently trading at a Forward P/E ratio of 34.95. Nvidia is currently sporting a Zacks Rank of #5 (Strong Sell). Within the past 30 days, our consensus EPS projection has moved 1.31% higher. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). 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. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These revisions typically reflect the latest short-term business trends, which can change frequently. It is also important to note the recent changes to analyst estimates for Nvidia. Meanwhile, our latest consensus estimate is calling for revenue of $5.99 billion, down 15.73% from the prior-year quarter.įor the full year, our Zacks Consensus Estimates are projecting earnings of $3.50 per share and revenue of $27.46 billion, which would represent changes of -21.17% and +2.03%, respectively, from the prior year. On that day, Nvidia is projected to report earnings of $0.74 per share, which would represent a year-over-year decline of 36.75%. Nvidia 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 lost 12.32% over the past month, lagging the Computer and Technology sector's loss of 11.76% and the S&P 500's loss of 9.52% in that time. Elsewhere, the Dow lost 1.71%, while the tech-heavy Nasdaq lost 0.02%. This change was narrower than the S&P 500's 1.51% loss on the day. Nvidia (NVDA) closed the most recent trading day at $121.39, moving -0.66% from the previous trading session.
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