On Thursday, February 8th, NVIDIA (NVDA - Free Report) will release its fourth quarter earnings results after the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of C.
Dave will look at NVIDIA’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on NVIDIA ahead of earnings.
NVIDIA in Focus
NVIDIA Corporation is the worldwide leader in graphics processors and media communications devices. The NVIDIA® Tesla® accelerated computing platform gives modern data centers the power to accelerate both artificial intelligence and high-performance computing workloads. NVIDIA® DGX?? Systems are built on the new, revolutionary NVIDIA Volta?? GPU platform. Powered by NVIDIA® Tesla® GPUs and NVIDIA NVLink??, the HGX reference architecture standardizes the design of data centers accelerating AI in the cloud-from autonomous driving and personalized healthcare to superhuman voice recognition. NVIDIA GPU Cloud (NGC) is a GPU-accelerated platform that runs everywhere. Data scientists and researchers can now rapidly build, train, and deploy neural network models to address some of the most complicated AI challenges. Their researchers operate as a think tank, accelerating advances in product technologies, including AI innovations like facial animations and light transport.
NVIDIA is expected to report earnings at $1.16 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 41.49%. They reported earnings at $1.33per share, beating their estimate of $0.94. They have an average earnings surprise of 33.51% over the last 4 quarters.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
On Thursday, February 8th, NVIDIA (NVDA - Free Report) will release its fourth quarter earnings results after the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of C.
Dave will look at NVIDIA’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on NVIDIA ahead of earnings.
NVIDIA in Focus
NVIDIA Corporation is the worldwide leader in graphics processors and media communications devices. The NVIDIA® Tesla® accelerated computing platform gives modern data centers the power to accelerate both artificial intelligence and high-performance computing workloads. NVIDIA® DGX?? Systems are built on the new, revolutionary NVIDIA Volta?? GPU platform. Powered by NVIDIA® Tesla® GPUs and NVIDIA NVLink??, the HGX reference architecture standardizes the design of data centers accelerating AI in the cloud-from autonomous driving and personalized healthcare to superhuman voice recognition. NVIDIA GPU Cloud (NGC) is a GPU-accelerated platform that runs everywhere. Data scientists and researchers can now rapidly build, train, and deploy neural network models to address some of the most complicated AI challenges. Their researchers operate as a think tank, accelerating advances in product technologies, including AI innovations like facial animations and light transport.
NVIDIA is expected to report earnings at $1.16 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 41.49%. They reported earnings at $1.33per share, beating their estimate of $0.94. They have an average earnings surprise of 33.51% over the last 4 quarters.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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