Analysts Anticipate NVIDIA Corporation (NVDA) to Post $0.69 EPS

Analysts expect that NVIDIA Corporation (NASDAQ:NVDA) will post earnings per share (EPS) of $0.69 for the current quarter, according to Zacks. Eleven analysts have provided estimates for NVIDIA Corporation’s earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.66. NVIDIA Corporation reported earnings of $0.44 per share during the same quarter last year, which suggests a positive year over year growth rate of 56.8%. The business is expected to report its next quarterly earnings report on Thursday, August 10th.

According to Zacks, analysts expect that NVIDIA Corporation will report full-year earnings of $3.08 per share for the current financial year, with EPS estimates ranging from $2.87 to $3.22. For the next financial year, analysts expect that the company will post earnings of $3.47 per share, with EPS estimates ranging from $2.71 to $4.01. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for NVIDIA Corporation.

NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.66 by $0.16. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The company’s quarterly revenue was up 48.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share.

NVDA has been the topic of a number of recent analyst reports. Vetr cut NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $111.03 target price on the stock. in a report on Tuesday, April 18th. Canaccord Genuity cut their price objective on NVIDIA Corporation from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, April 5th. B. Riley reiterated a “buy” rating and set a $135.00 price objective on shares of NVIDIA Corporation in a report on Monday, March 27th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $130.00 price objective on shares of NVIDIA Corporation in a report on Friday, April 14th. Finally, UBS AG reiterated a “buy” rating and set a $132.00 price objective on shares of NVIDIA Corporation in a report on Monday, April 10th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the stock. NVIDIA Corporation has an average rating of “Hold” and an average target price of $134.48.

NVIDIA Corporation (NVDA) opened at 166.15 on Tuesday. The company has a 50-day moving average of $154.46 and a 200-day moving average of $121.62. NVIDIA Corporation has a 12 month low of $55.38 and a 12 month high of $168.78. The company has a market cap of $98.86 billion, a price-to-earnings ratio of 55.77 and a beta of 1.23.

In other NVIDIA Corporation news, Director A Brooke Seawell sold 3,107 shares of NVIDIA Corporation stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $140.00, for a total transaction of $434,980.00. Following the completion of the sale, the director now owns 5,165 shares of the company’s stock, valued at $723,100. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $129.48, for a total value of $6,474,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 622,282 shares of company stock valued at $93,304,082. Corporate insiders own 5.17% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Ibex Wealth Advisors raised its stake in NVIDIA Corporation by 4.1% in the fourth quarter. Ibex Wealth Advisors now owns 28,547 shares of the computer hardware maker’s stock worth $2,969,000 after buying an additional 1,129 shares during the period. Wealthfront Inc. raised its stake in NVIDIA Corporation by 14.9% in the fourth quarter. Wealthfront Inc. now owns 20,343 shares of the computer hardware maker’s stock worth $2,171,000 after buying an additional 2,633 shares during the period. HighPoint Advisor Group LLC raised its stake in NVIDIA Corporation by 6.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,990 shares of the computer hardware maker’s stock worth $307,000 after buying an additional 175 shares during the period. Pegasus Partners Ltd. raised its stake in NVIDIA Corporation by 2.4% in the fourth quarter. Pegasus Partners Ltd. now owns 16,305 shares of the computer hardware maker’s stock worth $1,740,000 after buying an additional 375 shares during the period. Finally, Teachers Advisors LLC raised its stake in NVIDIA Corporation by 10.6% in the fourth quarter. Teachers Advisors LLC now owns 1,739,017 shares of the computer hardware maker’s stock worth $185,623,000 after buying an additional 167,148 shares during the period. 68.84% of the stock is owned by institutional investors.

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About NVIDIA Corporation

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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