Wall Street brokerages expect Nvidia (NASDAQ:NVDA) to report earnings per share of $1.65 for the current quarter, Zacks reports. Ten analysts have provided estimates for Nvidia’s earnings, with the lowest EPS estimate coming in at $1.60 and the highest estimate coming in at $1.68. Nvidia reported earnings per share of $0.85 in the same quarter last year, which suggests a positive year-over-year growth rate of 94.1%. The firm is expected to issue its next quarterly earnings report after the market closes on Tuesday, May 8th.
According to Zacks, analysts expect that Nvidia will report full-year earnings of $7.05 per share for the current fiscal year, with EPS estimates ranging from $6.26 to $7.91. For the next year, analysts forecast that the business will post earnings of $8.00 per share, with EPS estimates ranging from $6.78 to $9.15. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Nvidia.
Nvidia (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.56. Nvidia had a net margin of 31.36% and a return on equity of 45.02%. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the previous year, the firm earned $1.13 EPS. The company’s quarterly revenue was up 34.0% compared to the same quarter last year.
A number of analysts have recently commented on NVDA shares. SunTrust Banks restated a “buy” rating and set a $305.00 target price (up previously from $253.00) on shares of Nvidia in a report on Friday, February 9th. Vetr upgraded shares of Nvidia from a “buy” rating to a “strong-buy” rating and set a $218.94 target price on the stock in a report on Monday, January 1st. Morgan Stanley boosted their target price on shares of Nvidia from $222.00 to $258.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Needham & Company LLC boosted their target price on shares of Nvidia to $300.00 in a report on Friday, February 9th. Finally, Goldman Sachs cut shares of Nvidia from a “conviction-buy” rating to a “buy” rating and set a $281.00 price target on the stock. in a research note on Thursday, February 1st. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $217.16.
Shares of NVDA stock traded down $0.33 during mid-day trading on Thursday, reaching $228.71. 9,654,966 shares of the company’s stock traded hands, compared to its average volume of 16,055,299. Nvidia has a 12 month low of $100.36 and a 12 month high of $254.50. The stock has a market cap of $138,835.20, a PE ratio of 48.97, a price-to-earnings-growth ratio of 3.66 and a beta of 1.51. The company has a current ratio of 8.03, a quick ratio of 7.34 and a debt-to-equity ratio of 0.27.
In other news, Director Mark L. Perry sold 17,307 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $227.93, for a total transaction of $3,944,784.51. Following the completion of the sale, the director now owns 30,762 shares of the company’s stock, valued at approximately $7,011,582.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Persis Drell sold 5,141 shares of the company’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $220.73, for a total transaction of $1,134,772.93. Following the sale, the director now directly owns 20,963 shares of the company’s stock, valued at approximately $4,627,162.99. The disclosure for this sale can be found here. Insiders have sold a total of 94,959 shares of company stock valued at $22,692,182 in the last ninety days. Insiders own 4.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. Raymond James Trust N.A. increased its holdings in Nvidia by 1.7% in the 4th quarter. Raymond James Trust N.A. now owns 12,693 shares of the computer hardware maker’s stock worth $2,457,000 after acquiring an additional 217 shares in the last quarter. Spectrum Management Group Inc. increased its holdings in Nvidia by 10.3% in the 4th quarter. Spectrum Management Group Inc. now owns 2,360 shares of the computer hardware maker’s stock worth $457,000 after acquiring an additional 220 shares in the last quarter. Baker Avenue Asset Management LP increased its holdings in Nvidia by 3.9% in the 4th quarter. Baker Avenue Asset Management LP now owns 6,302 shares of the computer hardware maker’s stock worth $1,219,000 after acquiring an additional 237 shares in the last quarter. First Citizens Bank & Trust Co. increased its holdings in Nvidia by 4.5% in the 4th quarter. First Citizens Bank & Trust Co. now owns 5,477 shares of the computer hardware maker’s stock worth $1,060,000 after acquiring an additional 238 shares in the last quarter. Finally, V Wealth Management LLC increased its holdings in Nvidia by 16.4% in the 4th quarter. V Wealth Management LLC now owns 1,720 shares of the computer hardware maker’s stock worth $380,000 after acquiring an additional 242 shares in the last quarter. 66.70% of the stock is owned by hedge funds and other institutional investors.
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Nvidia Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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