We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nvidia (NVDA) Stock Falls Amid Market Uptick: What Investors Need to Know
Read MoreHide Full Article
Nvidia (NVDA - Free Report) closed the most recent trading day at $196.51, moving -4.99% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.02%. On the other hand, the Dow registered a gain of 0.51%, and the technology-centric Nasdaq decreased by 0.18%.
Prior to today's trading, shares of the maker of graphics chips for gaming and artificial intelligence had gained 7.43% outpaced the Computer and Technology sector's loss of 4.21% and the S&P 500's gain of 0.77%.
The upcoming earnings release of Nvidia will be of great interest to investors. The company's upcoming EPS is projected at $2.09, signifying a 99.05% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $91.71 billion, up 96.2% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.09 per share and revenue of $387.84 billion, indicating changes of +90.57% and +79.61%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Nvidia. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 1.54% rise in the Zacks Consensus EPS estimate. Nvidia presently features a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Nvidia is currently being traded at a Forward P/E ratio of 22.76. This expresses a discount compared to the average Forward P/E of 42.16 of its industry.
Meanwhile, NVDA's PEG ratio is currently 0.39. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Semiconductor - General industry currently had an average PEG ratio of 0.87 as of yesterday's close.
The Semiconductor - General industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 6, this industry ranks in the top 3% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Nvidia (NVDA) Stock Falls Amid Market Uptick: What Investors Need to Know
Nvidia (NVDA - Free Report) closed the most recent trading day at $196.51, moving -4.99% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.02%. On the other hand, the Dow registered a gain of 0.51%, and the technology-centric Nasdaq decreased by 0.18%.
Prior to today's trading, shares of the maker of graphics chips for gaming and artificial intelligence had gained 7.43% outpaced the Computer and Technology sector's loss of 4.21% and the S&P 500's gain of 0.77%.
The upcoming earnings release of Nvidia will be of great interest to investors. The company's upcoming EPS is projected at $2.09, signifying a 99.05% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $91.71 billion, up 96.2% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.09 per share and revenue of $387.84 billion, indicating changes of +90.57% and +79.61%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Nvidia. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 1.54% rise in the Zacks Consensus EPS estimate. Nvidia presently features a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Nvidia is currently being traded at a Forward P/E ratio of 22.76. This expresses a discount compared to the average Forward P/E of 42.16 of its industry.
Meanwhile, NVDA's PEG ratio is currently 0.39. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Semiconductor - General industry currently had an average PEG ratio of 0.87 as of yesterday's close.
The Semiconductor - General industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 6, this industry ranks in the top 3% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.