Nvidia Corporation (NVDA) has seen a significant increase in stock performance, with shares rising +36.3% in the past month, compared to a +3.5% increase for the S&P 500 and a +27.9% gain for the Zacks Semiconductor – General industry. The company is projected to report earnings of $6.28 per share for this quarter, reflecting a year-over-year increase of +132.6%.
The Zacks Consensus Estimate for Nvidia’s earnings for the current fiscal year is $26.84, a +107.1% year-over-year change. Additionally, the consensus sales estimate for the current quarter stands at $28.25 billion, indicating a +109.1% increase from the previous year. Nvidia’s stock is currently rated as Zacks Rank #1 (Strong Buy) due to recent positive trends in earnings revisions.
In the last reported quarter, Nvidia generated revenues of $26.04 billion, marking a +262.1% year-over-year growth. The company surprised analysts with a +7.02% revenue surprise compared to consensus estimates and a +11.48% EPS surprise. The estimates for the upcoming fiscal year include earnings of $32.51 per share, showing a +21.1% increase from last year.
