Nvidia Corporation (NVDA) has faced a -1.7% return in the past month, contrasting with a +4.3% increase in the Zacks S&P 500 composite and a +5.2% gain in the Zacks Semiconductor – General industry. As of now, Nvidia is projected to post earnings of $0.63 per share for the current quarter, showing a year-over-year increase of +133.3%, with the consensus earnings estimate for the fiscal year at $2.68, up +106.2%.
Analysts predict revenues for the current quarter at $28.24 billion, indicating a year-over-year change of +109%. Nvidia reported revenues of $26.04 billion last quarter, exceeding expectations by +7.02%. Currently, it holds a Zacks Rank of #1 (Strong Buy), which suggests potential for outperforming the broader market.
Despite these positive forecasts, Nvidia has an F grade in Zacks’ Value Style Score, indicating it trades at a premium compared to peers. Analysts suggest its stock may be overvalued despite its strong performance metrics.
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