NVIDIA Corporation (NVDA) to Release Quarterly Earnings on Thursday
NVIDIA Corporation (NASDAQ:NVDA) is set to issue its quarterly earnings data after the market closes on Thursday, November 9th. Analysts expect the company to announce earnings of $0.94 per share for the quarter.
NVIDIA Corporation (NASDAQ:NVDA) last released its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The company’s quarterly revenue was up 56.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 earnings per share. On average, analysts expect NVIDIA Corporation to post $3.61 EPS for the current fiscal year and $3.92 EPS for the next fiscal year.
In other NVIDIA Corporation news, CFO Colette Kress sold 22,808 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $185.31, for a total transaction of $4,226,550.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark L. Perry sold 16,281 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the sale, the director now owns 48,069 shares of the company’s stock, valued at approximately $7,798,714.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 452,784 shares of company stock valued at $81,437,724. 5.17% of the stock is owned by insiders.
A number of brokerages have issued reports on NVDA. B. Riley restated a “buy” rating and set a $200.00 target price (up previously from $135.00) on shares of NVIDIA Corporation in a research report on Monday, August 7th. Stifel Nicolaus reiterated a “hold” rating and set a $110.00 price target on shares of NVIDIA Corporation in a report on Friday, August 11th. MKM Partners reiterated a “neutral” rating and set a $120.00 price target (up from $106.00) on shares of NVIDIA Corporation in a report on Monday, August 14th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $140.00 price target on shares of NVIDIA Corporation in a report on Wednesday, August 16th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of NVIDIA Corporation in a report on Saturday, September 23rd. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $162.12.
About NVIDIA Corporation
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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