![]() ![]() Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. NVDA EARNINGS Q3 PLUSIn terms of the Zacks Industry Rank, Semiconductor - General is currently in the top 12% of the 250 plus Zacks industries. ![]() Record Gaming revenue of 3.22 billion, up 42 percent from a year earlier. Record Data Center revenue of 2.94 billion, up 55 percent from a year earlier. Record revenue of 7.10 billion, up 50 percent from a year earlier. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. Nvidia, which belongs to the Zacks Semiconductor - General industry, posted revenues of 3.01 billion for the quarter ended October 2019, surpassing the Zacks Consensus Estimate by 3.87. NVIDIA Announces Financial Results for Third Quarter Fiscal 2022. The current consensus EPS estimate is $1.09 on $6.89 billion in revenues for the coming quarter and $4.14 on $25.86 billion in revenues for the current fiscal year. ![]() It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. So, the shares are expected to outperform the market in the near future. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. Our us and is also with major industry quarter, landmark Ampere the for across new GPU architecture a excellent ramping was whole. For the fiscal third quarter, the company expects revenues of 6.8. NVDA EARNINGS Q3 FREEwith QX exceptional as our both demand a platforms. NVIDIA Corporation ( NVDA Quick Quote NVDA - Free Report) is scheduled to release third-quarter fiscal 2022 results on Nov 17. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Nvidia was favorable. sequentially was another well revenue quarter and year-on-year, Thank above XX up of X.XX you, record outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Nvidia has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Nvidia shares have added about 131.4% since the beginning of the year versus the S&P 500's gain of 25.2%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. ![]()
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