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Nvidia (NVDA) Stock Moves -0.12%: What You Should Know
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In the latest trading session, Nvidia (NVDA - Free Report) closed at $206.71, marking a -0.12% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.24%.
Coming into today, shares of the maker of graphics chips for gaming and artificial intelligence had lost 6.58% in the past month. In that same time, the Computer and Technology sector lost 5.49%, while the S&P 500 lost 2.12%.
Investors will be hoping for strength from NVDA as it approaches its next earnings release. On that day, NVDA is projected to report earnings of $1.11 per share, which would represent year-over-year growth of 52.05%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.83 billion, up 44.46% from the year-ago period.
NVDA's full-year Zacks Consensus Estimates are calling for earnings of $4.14 per share and revenue of $25.84 billion. These results would represent year-over-year changes of +65.6% and +54.96%, respectively.
Any recent changes to analyst estimates for NVDA should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.32% higher. NVDA is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, NVDA is holding a Forward P/E ratio of 50.03. This valuation marks a premium compared to its industry's average Forward P/E of 18.81.
Meanwhile, NVDA's PEG ratio is currently 2.56. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. NVDA's industry had an average PEG ratio of 2.59 as of yesterday's close.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 28, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges 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% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Nvidia (NVDA) Stock Moves -0.12%: What You Should Know
In the latest trading session, Nvidia (NVDA - Free Report) closed at $206.71, marking a -0.12% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.24%.
Coming into today, shares of the maker of graphics chips for gaming and artificial intelligence had lost 6.58% in the past month. In that same time, the Computer and Technology sector lost 5.49%, while the S&P 500 lost 2.12%.
Investors will be hoping for strength from NVDA as it approaches its next earnings release. On that day, NVDA is projected to report earnings of $1.11 per share, which would represent year-over-year growth of 52.05%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.83 billion, up 44.46% from the year-ago period.
NVDA's full-year Zacks Consensus Estimates are calling for earnings of $4.14 per share and revenue of $25.84 billion. These results would represent year-over-year changes of +65.6% and +54.96%, respectively.
Any recent changes to analyst estimates for NVDA should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.32% higher. NVDA is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, NVDA is holding a Forward P/E ratio of 50.03. This valuation marks a premium compared to its industry's average Forward P/E of 18.81.
Meanwhile, NVDA's PEG ratio is currently 2.56. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. NVDA's industry had an average PEG ratio of 2.59 as of yesterday's close.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 28, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges 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% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.