Nvidia (NVDA) closed at $ 636.50 in the latest trading session, a move of -1.39% from the previous day. This change resulted in the S&P 500’s daily profit of 0.36%.
Today, the shares of the maker of graphics chips for gaming and artificial intelligence started the past month with 14.51%. At the same time, the computer and technology sector rose by 9.06%, while the S&P 500 rose by 5.21%.
Wall Street will be looking for positivity at NVDA as it approaches its next earnings reporting date. The company is expected to report a profit of $ 3.25, which is 80.56% higher than in the previous quarter. The Zacks revenue consensus estimate, meanwhile, predicts net sales of $ 5.39 billion, an increase of 75.11% over the previous year.
Our Zacks consensus estimates for the full year are earnings of $ 13.53 per share and revenue of $ 22.46 billion, which would be + 35.3% and + 34.68%, respectively, compared to the previous year. represent.
Investors may also notice recent changes to NVDA’s analytical estimates. These reviews usually reflect the latest short-term business trends, which may change frequently. As a result, we can interpret positive estimate changes as a good sign for the company’s prospects.
Research suggests that this estimate of the review is directly correlated with the momentum of the stock price in the short term. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these estimates into account and provides a workable rating system.
The Zacks Rank system, which ranges from # 1 (Strong Buy) to # 5 (Strong Sell), has impressive outside control of the better performance, with # 1 stocks averaging + 25% annual returns since 1988 achieved. Zacks Consensus EPS estimate has moved 1.09% higher over the past month. NVDA currently has a Zacks rank of 1 (Strong Buy).
Looking at its valuation, NVDA maintains a forward P / E ratio of 45.26. By comparison, its industry has an average Forward P / E of 25.28, meaning that NVDA trades at a premium for the group.
Meanwhile, NVDA’s PEG ratio is currently 3.01. This measure is used similarly to the famous P / E ratio, but the PEG ratio also takes into account the expected growth rate of the stock. NVDA’s industry has had an average PEG ratio of 3.01 since the end of yesterday.
The Semiconductor – General industry is part of the computer and technology sector. The industry currently has a Zacks industry rank of 53, which places it in the top 21% of all 250+ industries.
The Zacks Industry Rank measures the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% of industries are better than the bottom half by a factor of 2 to 1.
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