Nvidia (NVDA) closed the most recent trading day at $179.35, moving +0.71% from the previous trading session. This change outpaced the S&P 500’s 0.11% gain on the day. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.19%.
Prior to today’s trading, shares of the maker of graphics chips for gaming and artificial intelligence had gained 0.47% over the past month. This has lagged the Computer and Technology sector’s gain of 6.07% and the S&P 500’s gain of 4.42% 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 May 16, 2019. The company is expected to report EPS of $0.82, down 60% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.20 billion, down 31.36% from the prior-year quarter.
NVDA’s full-year Zacks Consensus Estimates are calling for earnings of $5.33 per share and revenue of $11.19 billion. These results would represent year-over-year changes of -19.73% and -4.46%, respectively.
Any recent changes to analyst estimates for NVDA should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering 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.
Looking at its valuation, NVDA is holding a Forward P/E ratio of 33.44. This valuation marks a premium compared to its industry’s average Forward P/E of 19.49.
Also, we should mention that NVDA has a PEG ratio of 3.6. 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. Semiconductor – General stocks are, on average, holding a PEG ratio of 2.26 based on yesterday’s closing prices.
The Semiconductor – General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 31, which puts it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NVDA in the coming trading sessions, be sure to utilize Zacks.com.
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