From Nasdaq: 2024-05-07 17:45:15

Nvidia (NVDA) closed at $905.54, down -1.72%, underperforming the S&P 500’s gain of 0.13% as the Nasdaq dipped 0.1%. NVDA shares rose 5.75% in the last month, surpassing the Computer and Technology sector and S&P 500. Analysts estimate a $5.49 EPS, 403.67% higher than last year, with revenue projected at $24.17 billion.

Investors await Nvidia’s earnings release on May 22, 2024. Forecasted EPS is $23.94 and revenue of $106.05 billion for the fiscal year. Analyst estimate revisions directly impact stock prices, with Nvidia currently rated a Zacks Rank of #2. NVDA is trading at a premium with a Forward P/E ratio of 38.49.

The Semiconductor – General industry, to which Nvidia belongs, has a PEG ratio of 1.24 and holds an industry rank of 215, in the bottom 15%. Industries with a higher Zacks Rank outperform lower-ranked ones. Zacks offers tools to track stock metrics and predict future market movements, essential for investors.

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Read more at Nasdaq: Nvidia (NVDA) Stock Sinks As Market Gains: What You Should Know