Nvidia (NVDA) stock closed at $139.93, dropping -0.21%, but analysts expect strong growth

From Nasdaq: 2024-12-26 17:45:19

Nvidia (NVDA) closed at $139.93, marking a -0.21% change from the previous day. The stock has climbed 3.61% in the past month, falling short of the Computer and Technology sector’s gain of 5.93% and outpacing the S&P 500’s gain of 1.05%. Analysts expect Nvidia to post earnings of $0.84 per share, a 61.54% year-over-year growth.

Nvidia’s revenue is forecasted to be $37.72 billion, with a 70.68% growth compared to the previous year. For the entire year, estimates predict earnings of $2.94 per share and revenue of $129.02 billion, indicating changes of +126.15% and +111.78%, respectively. Recent adjustments to analyst estimates can impact the company’s business outlook.

Nvidia currently has a Zacks Rank of #2 (Buy) and a Forward P/E ratio of 47.7, indicating a premium compared to the industry average. The PEG ratio of 2.39 incorporates the company’s anticipated earnings growth rate, with the Semiconductor – General industry holding a PEG ratio of 3.12. The industry is ranked 78 in the Zacks Industry Rank, within the top 32% of over 250 industries.

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Read more at Nasdaq: Nvidia (NVDA) Falls More Steeply Than Broader Market: What Investors Need to Know