With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Recent revisions tend to reflect the latest near-term business trends. It is also important to note the recent changes to analyst estimates for Nvidia.
Our most recent consensus estimate is calling for quarterly revenue of $5.99 billion, down 15.73% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of $3.50 per share and revenue of $27.46 billion, which would represent changes of -21.17% and +2.03%, respectively, from the prior year. This would mark a year-over-year decline of 36.75%. In that report, analysts expect Nvidia to post earnings of $0.74 per share. Nvidia will be looking to display strength as it nears its next earnings release. This has was narrower than the Computer and Technology sector's loss of 4.49% and lagged the S&P 500's loss of 3.51% in that time.
Prior to today's trading, shares of the maker of graphics chips for gaming and artificial intelligence had lost 3.68% over the past month. At the same time, the Dow lost 1.15%, and the tech-heavy Nasdaq gained 0.39%. This move was narrower than the S&P 500's daily loss of 1.03%. In the latest trading session, Nvidia ( NVDA Quick Quote NVDA - Free Report) closed at $131.30, marking a -0.6% move from the previous day.
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