In the latest trading session, Nvidia (NVDA - Free Report) closed at $277.81, marking a -0.26% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.44%. Meanwhile, the Dow lost 0.53%, and the Nasdaq, a tech-heavy index, lost 0.26%.
Coming into today, shares of the maker of graphics chips for gaming and artificial intelligence had gained 12.99% in the past month. In that same time, the Computer and Technology sector gained 4.58%, while the S&P 500 gained 3.59%.
Wall Street will be looking for positivity from NVDA as it approaches its next earnings report date. This is expected to be November 8, 2018. In that report, analysts expect NVDA to post earnings of $1.93 per share. This would mark year-over-year growth of 45.11%. Meanwhile, our latest consensus estimate is calling for revenue of $3.25 billion, up 23.45% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.96 per share and revenue of $13.02 billion. These totals would mark changes of +61.79% and +34.06%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for NVDA. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.02% higher. NVDA currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, NVDA is holding a Forward P/E ratio of 34.99. This represents a premium compared to its industry's average Forward P/E of 12.52.
Meanwhile, NVDA's PEG ratio is currently 3.28. 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. The Semiconductor - General was holding an average PEG ratio of 1.72 at yesterday's closing price.
The Semiconductor - General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 87, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.