SunTrust Banks Comments on NVIDIA Co.’s FY2020 Earnings (NASDAQ:NVDA)

NVIDIA Co. (NASDAQ:NVDA) – Equities researchers at SunTrust Banks lowered their FY2020 earnings per share (EPS) estimates for NVIDIA in a research report issued on Monday, September 23rd. SunTrust Banks analyst W. Stein now anticipates that the computer hardware maker will post earnings per share of $4.11 for the year, down from their prior forecast of $4.29. SunTrust Banks currently has a “Buy” rating and a $216.00 target price on the stock. SunTrust Banks also issued estimates for NVIDIA’s Q2 2021 earnings at $1.44 EPS, Q3 2021 earnings at $1.69 EPS, Q4 2021 earnings at $1.70 EPS and FY2021 earnings at $6.12 EPS.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 EPS for the quarter, topping the consensus estimate of $0.87 by $0.37. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the firm earned $1.94 EPS. The firm’s revenue was down 17.4% compared to the same quarter last year.

NVDA has been the subject of several other reports. Barclays decreased their price target on NVIDIA from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Friday, August 16th. ValuEngine raised NVIDIA from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. DZ Bank downgraded NVIDIA from a “hold” rating to a “sell” rating and set a $158.00 price target for the company. in a report on Friday, September 13th. Sanford C. Bernstein set a $150.00 price target on NVIDIA and gave the stock a “hold” rating in a report on Wednesday, June 26th. Finally, Royal Bank of Canada decreased their price target on NVIDIA from $200.00 to $190.00 and set an “outperform” rating for the company in a report on…

Source Link

Advertisements