Nvidia (NVDA - Free Report) closed at $268.41 in the latest trading session, marking a +0.92% move from the prior day. This move outpaced the S&P 500's daily loss of 0.13%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq gained 0.18%.
Prior to today's trading, shares of the maker of graphics chips for gaming and artificial intelligence had lost 3.7% over the past month. This has lagged the Computer and Technology sector's gain of 0.35% and the S&P 500's gain of 1.71% in that time.
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%. Our most recent consensus estimate is calling for quarterly revenue of $3.25 billion, up 23.45% from the year-ago period.
NVDA's full-year Zacks Consensus Estimates are calling for earnings of $7.96 per share and revenue of $13.02 billion. These results would represent year-over-year changes of +61.79% and +34.06%, respectively.
Investors might also notice recent changes to analyst estimates for NVDA. 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 remained stagnant. NVDA is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, NVDA currently has a Forward P/E ratio of 33.39. This valuation marks a premium compared to its industry's average Forward P/E of 12.08.
Investors should also note that NVDA has a PEG ratio of 3.13 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. NVDA's industry had an average PEG ratio of 1.69 as of yesterday's close.
The Semiconductor - General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 232, putting it in the bottom 9% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.