From Nasdaq: 2024-05-22 19:30:02

Nvidia (NVDA) reported quarterly earnings of $6.12 per share, beating estimates of $5.49. Revenues of $26.04 billion also surpassed expectations. The stock has gained 92.6% this year, outperforming the market. Investors await future earnings outlook for potential stock movement. Nutanix (NTNX) also prepares to release quarterly results.

There is a strong correlation between stock movement and earnings estimate revisions for Nvidia. Favorable estimate trends indicate the company holds a Zacks Rank #2 (Buy). Future EPS estimates for Nvidia stand at $5.84 for the upcoming quarter and $24.52 for the fiscal year. Industry outlook influences stock performance.

Nutanix (NTNX) anticipates reporting quarterly earnings of $0.17 per share, a +325% YoY change, with revenues expected at $516.13 million. Zacks Investment Research releases a report on 5 dividend stocks for retirement planning, covering property management, upscale outlets, financial institutions, and energy producers. Download for free access.



Read more at Nasdaq: Nvidia (NVDA) Q1 Earnings and Revenues Top Estimates