Analysts Expect NVIDIA Co. (NASDAQ:NVDA) Will Post Earnings of $1.14 Per Share

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Brokerages expect NVIDIA Co. (NASDAQ:NVDA) to announce $1.14 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for NVIDIA’s earnings. The lowest EPS estimate is $1.11 and the highest is $1.15. NVIDIA reported earnings per share of $1.94 in the same quarter last year, which would suggest a negative year-over-year growth rate of 41.2%. The company is expected to issue its next earnings report on Thursday, August 15th.

On average, analysts expect that NVIDIA will report full-year earnings of $5.28 per share for the current year, with EPS estimates ranging from $5.01 to $5.58. For the next fiscal year, analysts anticipate that the business will report earnings of $7.09 per share, with EPS estimates ranging from $6.28 to $8.32. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow NVIDIA.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, May 16th. The computer hardware maker reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. NVIDIA had a return on equity of 31.27% and a net margin of 30.68%. The firm’s revenue was down 30.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 EPS.

Several research firms have issued reports on NVDA. Stifel Nicolaus dropped their target price on NVIDIA from $150.00 to $145.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. Morgan Stanley boosted their target price on NVIDIA from $148.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Monday, May 13th. Royal Bank of Canada upped their price target on NVIDIA to $200.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. BidaskClub cut NVIDIA from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Wedbush began coverage on NVIDIA in a report on Wednesday. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $197.68.

In other NVIDIA news, EVP Debora Shoquist sold 5,823 shares of NVIDIA stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total value of $1,077,255.00. Following the transaction, the executive vice president now owns 171,783 shares in the company, valued at $31,779,855. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Harvey C. Jones sold 100,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the transaction, the director now owns 32,983 shares in the company, valued at $4,785,833.30. The disclosure for this sale can be found here. Insiders own 4.64% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of NVDA. Norges Bank purchased a new position in NVIDIA during the 4th quarter worth approximately $737,230,000. SG Americas Securities LLC grew its position in NVIDIA by 104.7% during the 1st quarter. SG Americas Securities LLC now owns 128,201 shares of the computer hardware maker’s stock worth $23,020,000 after purchasing an additional 2,866,055 shares in the last quarter. Vanguard Group Inc grew its position in NVIDIA by 4.0% during the 3rd quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after purchasing an additional 1,693,736 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in NVIDIA during the 1st quarter worth approximately $191,981,000. Finally, Baillie Gifford & Co. grew its position in NVIDIA by 16.0% during the 1st quarter. Baillie Gifford & Co. now owns 7,647,342 shares of the computer hardware maker’s stock worth $1,373,156,000 after purchasing an additional 1,052,689 shares in the last quarter. Hedge funds and other institutional investors own 67.51% of the company’s stock.

NASDAQ NVDA traded up $7.78 on Wednesday, hitting $159.26. 13,573,232 shares of the company’s stock were exchanged, compared to its average volume of 14,015,798. The company has a current ratio of 8.98, a quick ratio of 7.78 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $151.10. NVIDIA has a fifty-two week low of $124.46 and a fifty-two week high of $292.76. The stock has a market cap of $92.97 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 3.88 and a beta of 2.03.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 31st were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.64 annualized dividend and a yield of 0.40%. NVIDIA’s dividend payout ratio (DPR) is 10.54%.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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Earnings History and Estimates for NVIDIA (NASDAQ:NVDA)

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