Nvidia reported revenues of $6.7 billion in the last reported quarter, representing a year-over-year change of +3%. Last Reported Results and Surprise History For the current and next fiscal years, $27.46 billion and $31.4 billion estimates indicate +2% and +14.4% changes, respectively. Therefore, knowing a company's potential revenue growth is crucial.įor Nvidia, the consensus sales estimate for the current quarter of $5.99 billion indicates a year-over-year change of -15.7%. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.ġ2-month consensus EPS estimate for NVDA _12MonthEPSChartUrlĮven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. Now the key question is: Where could the stock be headed in the near term?Īlthough media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. The Zacks Semiconductor - General industry, to which Nvidia belongs, has lost 19.1% over this period. Shares of this maker of graphics chips for gaming and artificial intelligence have returned -29.9% over the past month versus the Zacks S&P 500 composite's -9.1% change. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Nvidia (NVDA) has recently been on 's list of the most searched stocks.

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