Nvidia Earnings Outlook
Nvidia (NASDAQ: NVDA) is projected to earn $8.99 per share in fiscal 2027 and $12.87 per share in fiscal 2028. As of July 28, 2024, shares closed at $197.01, with a $1,000 investment purchasing approximately 5.08 shares. Analysts have recently increased their earnings estimates for Nvidia, with forecasts rising nearly 21% from $22.52 to $27.19 per share following the company’s fiscal fourth-quarter results in February 2024.
The anticipated introduction of Nvidia’s next-generation Vera Rubin platform in 2026 is expected to drive significant revenue growth from AI deployments. If fiscal 2028 earnings exceed consensus estimates by 3.7%, reaching approximately $13.35 per share, this could push the stock price to about $267 per share, yielding a potential return of 35% on investments made today. Key risks include slower AI spending, increased competition, and potential export controls that may affect sales.
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