From Nasdaq: 2024-03-28 17:45:20

Nvidia’s stock closed at $903.56 with a 0.12% increase, outperforming S&P 500 and Nasdaq. The company’s shares surged by 16.21% in the last month, surpassing sector and market gains. Analysts anticipate earnings of $5.48 per share and revenue of $24.17 billion, projecting significant growth for Nvidia.

Investors are keeping an eye on Nvidia’s upcoming earnings report, forecasting a 402.75% increase in earnings per share and a 236.08% rise in revenue compared to the year-ago quarter. Analysts are optimistic about the company’s future, with recent estimate revisions showing positive signs. Nvidia currently holds a Zacks Rank of #1 (Strong Buy) and has a proven track record of superior performance.

In terms of valuation, Nvidia trades at a Forward P/E ratio of 37.85, higher than the industry average. The company’s PEG ratio is 1.22, indicating a premium to its expected earnings growth rate. The Semiconductor – General industry is ranked in the top 18% of all industries, showing strong potential. To stay updated on Nvidia’s performance, visit Zacks.com.

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Read more at Nasdaq: Nvidia (NVDA) Surpasses Market Returns: Some Facts Worth Knowing