Nvidia Earnings Report Scheduled
Nvidia (NASDAQ: NVDA) will release its earnings report for the first quarter of fiscal 2027, which ended on April 26, on May 20, 2023, after market close. The company, a key player in the AI sector, has seen its stock rise over 60% in the past year and is near its record high.
Expectations for Revenue Growth
Analysts are forecasting that Nvidia’s revenue will grow by 73% and earnings per share (EPS) by 67% for fiscal 2027. Despite a pattern of stock decline in three out of the last four quarters post-earnings release, the stock remains attractively priced at 27 times this year’s earnings.
Market Influence
Nvidia is the world’s leading producer of discrete GPUs, essential for the operation of many AI companies. It has outperformed analysts’ expectations consistently, solidifying its position as a linchpin in the AI market.
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