From Nasdaq:

Nvidia (NVDA) shares closed at $479.98, marking a +0.9% increase from the prior session’s close. The stock outpaced the S&P 500’s loss of 0.34%. Looking back, NVDA gained 4.54% in the past month, outpacing the Computer and Technology sector, which gained 1.27%.

Market participants anticipate Nvidia’s financial release. The company is expected to report EPS of $4.48, up 409.09% from the previous year. For the whole fiscal year, Zacks Consensus Estimates predict earnings of $12.29 per share and revenue of $58.92 billion.

Investors should take note of recent analyst estimates for Nvidia, which often reflect positive changes in stock prices. The Zacks Rank of #2 (Buy) suggests optimism among analysts. Over the past month, the Zacks Consensus EPS estimate moved 1.16% higher.

The current valuation metrics for Nvidia display its Forward P/E ratio of 38.69, signaling a premium relative to the industry’s average Forward P/E of 23.18. Moreover, the company’s PEG ratio of 2.87 also suggests an overvalued stock compared to the industry’s average PEG ratio of 2.85.

Nvidia is positioned in the bottom 12% of the Computer and Technology sector, reflected in the Zacks Industry Rank of 224. However, the semiconductor sector’s top 50% rated industries have been outperforming the bottom half by a factor of 2 to 1. These metrics can be tracked on Zacks.com.

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Read more: Why the Market Dipped But Nvidia (NVDA) Gained Today