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) Outperforms Broader Market: What You Need to Know
Read MoreHide Full Article
In the latest trading session, Nvidia (NVDA - Free Report) closed at $238.90, marking a +2.12% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.66%. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 1.05%.
Prior to today's trading, shares of the maker of graphics chips for gaming and artificial intelligence had gained 1.56% lagged the Computer and Technology sector's gain of 6.36% and outpaced the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Nvidia in its upcoming release. The company's upcoming EPS is projected at $2.47, signifying a 90.00% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $109.02 billion, up 91.24% from the year-ago period.
NVDA's full-year Zacks Consensus Estimates are calling for earnings of $9.25 per share and revenue of $406.05 billion. These results would represent year-over-year changes of +93.92% and +88.04%, respectively.
Any recent changes to analyst estimates for Nvidia should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.12% higher within the past month. Currently, Nvidia is carrying a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Nvidia currently has a Forward P/E ratio of 25.3. This signifies a discount in comparison to the average Forward P/E of 33.28 for its industry.
We can also see that NVDA currently has a PEG ratio of 1.81. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Semiconductor - General industry currently had an average PEG ratio of 1.78 as of yesterday's close.
The Semiconductor - General industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 24, this industry ranks in the top 10% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NVDA in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Nvidia (NVDA) Outperforms Broader Market: What You Need to Know
In the latest trading session, Nvidia (NVDA - Free Report) closed at $238.90, marking a +2.12% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.66%. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 1.05%.
Prior to today's trading, shares of the maker of graphics chips for gaming and artificial intelligence had gained 1.56% lagged the Computer and Technology sector's gain of 6.36% and outpaced the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Nvidia in its upcoming release. The company's upcoming EPS is projected at $2.47, signifying a 90.00% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $109.02 billion, up 91.24% from the year-ago period.
NVDA's full-year Zacks Consensus Estimates are calling for earnings of $9.25 per share and revenue of $406.05 billion. These results would represent year-over-year changes of +93.92% and +88.04%, respectively.
Any recent changes to analyst estimates for Nvidia should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.12% higher within the past month. Currently, Nvidia is carrying a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Nvidia currently has a Forward P/E ratio of 25.3. This signifies a discount in comparison to the average Forward P/E of 33.28 for its industry.
We can also see that NVDA currently has a PEG ratio of 1.81. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Semiconductor - General industry currently had an average PEG ratio of 1.78 as of yesterday's close.
The Semiconductor - General industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 24, this industry ranks in the top 10% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NVDA in the coming trading sessions, be sure to utilize Zacks.com.