Analysts expect that NVIDIA Co. (NASDAQ:NVDA) will announce earnings per share (EPS) of $1.66 for the current quarter, Zacks reports. Nine analysts have provided estimates for NVIDIA’s earnings, with the highest EPS estimate coming in at $1.68 and the lowest estimate coming in at $1.65. NVIDIA reported earnings per share of $0.80 in the same quarter last year, which would indicate a positive year over year growth rate of 107.5%. The company is expected to announce its next quarterly earnings report on Thursday, February 13th.
On average, analysts expect that NVIDIA will report full-year earnings of $5.56 per share for the current financial year, with EPS estimates ranging from $5.55 to $5.59. For the next fiscal year, analysts forecast that the firm will report earnings of $7.21 per share, with EPS estimates ranging from $6.69 to $7.84. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover NVIDIA.
NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 EPS for the quarter, topping the consensus estimate of $1.57 by $0.21. NVIDIA had a net margin of 24.08% and a return on equity of 22.02%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period last year, the company posted $1.84 EPS. The business’s quarterly revenue was down 5.2% on a year-over-year basis.
Several research firms recently commented on NVDA. BMO Capital Markets reaffirmed a “market perform” rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Thursday, November 14th. Raymond James increased their target price on NVIDIA from $180.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. DZ Bank downgraded NVIDIA from a “hold” rating to a “sell” rating…