From Nasdaq: 2024-05-15 10:00:08

Nvidia (NVDA) is expected to report increased earnings and revenues for the quarter ended April 2024. The earnings release on May 22, 2024, could impact the stock price. Analysts expect earnings of $5.52 per share, a +406.4% change, and revenues of $24.27 billion, a 237.5% increase from the previous year.

The Zacks Consensus Estimate shows optimistic outlook for Nvidia’s earnings. An Earnings ESP of +2.90% suggests a potential beat of the consensus EPS estimate. The company has a Zacks Rank of #1, reinforcing the likelihood of surpassing expectations based on past performance.

Analysts use the surprise history to predict future earnings. Nvidia has beaten consensus EPS estimates in the last four quarters, indicating a positive track record. This data, along with other factors, may influence the stock’s movement after the earnings release.

Zacks Research has identified a new top semiconductor stock with strong growth potential in Artificial Intelligence, Machine Learning, and Internet of Things markets. Global semiconductor industry is expected to grow significantly by 2028. Nvidia remains a strong player, but investors are advised to consider various factors before investing.



Read more at Nasdaq: Nvidia (NVDA) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release