NVIDIA Corporation (NVDA Quick QuoteNVDA - Free Report) is a Semiconductor-Specialized company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on NVDA’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that NVIDIA Corporation could be a solid choice for investors.

Current Quarter Estimates for NVDA

In the past 30 days, 11 estimates have gone higher for NVIDIA Corporation while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from earnings of 32 cents a share 30 days ago, to 37 cents today, a move of 15.6%.

Current Year Estimates for NVDA

Meanwhile NVIDIA Corporation’s current year figures are also looking quite promising, with 12 estimates moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, with estimates increasing from earnings of $1.41 a share 30 days ago, to $1.56 today, a move of 10.6%.

NVIDIA CORP Price and Consensus

NVIDIA CORP Price and Consensus | NVIDIA CORP Quote

Bottom Line

The stock has also started to move higher lately, adding 28.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>