From “Nasdaq”:

Nvidia (NVDA) saw a -0.58% stock drop to $560.53, performing worse than the S&P 500’s 0.56% loss. Nonetheless, shares of NVDA saw a gain of 13.66% over the previous month, surpassing the technology and S&P 500’s gain of 1.27% and 1.2%, respectively.

Investors are eagerly awaiting Nvidia’s earnings report, which is expected to show an EPS of $4.49 and a revenue of $20.1 billion. The Zacks Consensus Estimates also anticipate annual earnings of $12.31 per share and revenue of $58.92 billion, showing large percentage shifts from the previous year.

Nvidia’s Zacks Rank of #2 (Buy) is based on factors such as upward revisions in estimates, which are often indicative of a company’s future profitability. The Zacks Rank system has a long history of stock price outperformance. In the past month, the Zacks Consensus EPS estimate has risen by 0.11%.

For investors considering NVDA, it is important to note that the company has a Forward P/E ratio of 45.82, which is above the industry average. Furthermore, Nvidia also has a PEG ratio of 3.39, compared to the industry average of 3.09. The Semiconductor – General industry currently holds a Zacks Industry Rank of 226, placing it in the bottom 11% of all 250+ industries.

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Read more: Nvidia (NVDA) Suffers a Larger Drop Than the General Market: Key Insights