From Nasdaq: 2024-04-26 09:00:13

Nvidia (NVDA) has been a highly searched stock on Zacks.com recently. The company has seen shares drop -8.6% over the last month while the industry has lost 12.2%. Analysts are projecting significant earnings growth for the current and next fiscal year, with a Zacks Rank of #2 (Buy) indicating potential outperformance.

Earnings estimates for Nvidia show a substantial increase of +403.7% for the current quarter compared to last year. Consensus sales estimates also show significant growth, with projections of $24.17 billion for the current quarter, representing a +236.1% change year-over-year.

With a strong track record and a Zacks Rank of #2 (Buy), Nvidia is seen as a promising investment option. The company has consistently beaten EPS estimates in recent quarters and is rated D for valuation, indicating it may be trading at a premium to peers. Analysts suggest further research to determine investment potential.

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Read more at Nasdaq: NVIDIA Corporation (NVDA) is Attracting Investor Attention: Here is What You Should Know