NVIDIA (NVDA) Scheduled to Post Earnings on Thursday

NVIDIA (NASDAQ:NVDA) is scheduled to release its earnings data after the market closes on Thursday, February 8th. Analysts expect NVIDIA to post earnings of $1.16 per share for the quarter.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.39. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The business’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 earnings per share. On average, analysts expect NVIDIA to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of NVIDIA (NVDA) opened at $245.80 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. The stock has a market capitalization of $148,950.00, a P/E ratio of 61.45, a PEG ratio of 5.75 and a beta of 1.18. NVIDIA has a 52-week low of $95.17 and a 52-week high of $249.27.

In other NVIDIA news, CFO Colette Kress sold 171 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $185.57, for a total transaction of $31,732.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 1,029 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $214.10, for a total value of $220,308.90. Following the transaction, the director now owns 1,029 shares in the company, valued at $220,308.90. The disclosure for this sale can be found here. Insiders sold 19,858 shares of company stock valued at $4,227,384 over the last quarter. 5.17% of the stock is currently owned by company insiders.

A number of equities research analysts have recently issued reports on the company. Vetr lowered NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 price target for the company. in a research report on Wednesday, January 3rd. Goldman Sachs Group restated a “buy” rating and issued a $228.00 price target on shares of NVIDIA in a research report on Friday, January 5th. Bank of America set a $210.00 price target on NVIDIA and gave the company a “buy” rating in a research report on Thursday, October 12th. Needham & Company LLC upped their price target on NVIDIA from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, Mizuho restated a “buy” rating and issued a $240.00 price target (up from $225.00) on shares of NVIDIA in a research report on Tuesday, January 16th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $196.08.

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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.

Earnings History for NVIDIA (NASDAQ:NVDA)

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