From Nasdaq: 2024-11-14 17:45:07

Nvidia (NVDA) closed at $146.76, a +0.33% increase, outperforming the S&P 500. The upcoming earnings report on November 20, 2024, is expected to show earnings of $0.74 per share, an 85% year-over-year growth. Revenue is projected to be $32.81 billion, an 81.07% increase from the previous year.

Investors should monitor analyst projections for Nvidia as estimate revisions can impact stock movements. The Zacks Rank system rates Nvidia as a #2 (Buy), with an average annual return of +25% since 1988 for #1 stocks. The Zacks Consensus EPS estimate for Nvidia has increased by 0.23% in the last 30 days.

Nvidia has a Forward P/E ratio of 51.8, higher than the industry average of 26.56. The PEG ratio stands at 1.45, lower than the industry’s average of 3.15. The Semiconductor – General industry, where Nvidia belongs, is in the top 17% of over 250 industries based on the Zacks Industry Rank.

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