As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These revisions typically reflect the latest short-term business trends, which can change frequently. Meanwhile, our latest consensus estimate is calling for revenue of $4.82 billion, up 55.26% from the prior-year quarter.įor the full year, our Zacks Consensus Estimates are projecting earnings of $9.71 per share and revenue of $16.49 billion, which would represent changes of +67.7% and +51.04%, respectively, from the prior year.Īny recent changes to analyst estimates for NVDA should also be noted by investors. This would mark year-over-year growth of 48.15%.
In that report, analysts expect NVDA to post earnings of $2.80 per share. NVDA will be looking to display strength as it nears its next earnings release. In that same time, the Computer and Technology sector gained 2.96%, while the S&P 500 gained 3.13%. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 1.03%.Ĭoming into today, shares of the maker of graphics chips for gaming and artificial intelligence had gained 2.87% in the past month. This change lagged the S&P 500's daily gain of 0.55%. In the latest trading session, Nvidia ( NVDA Quick Quote NVDA - Free Report) closed at $531.07, marking a -0.5% move from the previous day.
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