The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. This group has a Zacks Industry Rank of 187, putting it in the bottom 26% of all 250+ industries. The Semiconductor - General industry is part of the Computer and Technology sector. NVDA's industry had an average PEG ratio of 1.72 as of yesterday's close. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Its industry sports an average Forward P/E of 10.53, so we one might conclude that Nvidia is trading at a premium comparatively.Īlso, we should mention that NVDA has a PEG ratio of 2.85. In terms of valuation, Nvidia is currently trading at a Forward P/E ratio of 34.95. Nvidia is currently sporting a Zacks Rank of #5 (Strong Sell). Within the past 30 days, our consensus EPS projection has moved 1.31% higher. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These revisions typically reflect the latest short-term business trends, which can change frequently. It is also important to note the recent changes to analyst estimates for Nvidia.
Meanwhile, our latest consensus estimate is calling for revenue of $5.99 billion, down 15.73% from the prior-year quarter.įor the full year, our Zacks Consensus Estimates are projecting earnings of $3.50 per share and revenue of $27.46 billion, which would represent changes of -21.17% and +2.03%, respectively, from the prior year. On that day, Nvidia is projected to report earnings of $0.74 per share, which would represent a year-over-year decline of 36.75%. Nvidia will be looking to display strength as it nears its next earnings release.
Heading into today, shares of the maker of graphics chips for gaming and artificial intelligence had lost 12.32% over the past month, lagging the Computer and Technology sector's loss of 11.76% and the S&P 500's loss of 9.52% in that time. Elsewhere, the Dow lost 1.71%, while the tech-heavy Nasdaq lost 0.02%. This change was narrower than the S&P 500's 1.51% loss on the day.
NVIDIA Corporation was founded in 1993 and is headquartered in Santa Clara, California.Nvidia (NVDA) closed the most recent trading day at $121.39, moving -0.66% from the previous trading session. NVIDIA has partnership with Google Cloud to create AI-on-5G Lab. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants.
The company's products are used in gaming, professional visualization, datacenter, and automotive markets. The Compute & Networking segment offers Data Center platforms and systems for AI, HPC, and accelerated computing Mellanox networking and interconnect solutions automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions and Jetson for robotics and other embedded platforms.
The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms Quadro/NVIDIA RTX GPUs for enterprise design GRID software for cloud-based visual and virtual computing and automotive platforms for infotainment systems. It operates in two segments, Graphics and Compute & Networking. NVIDIA Corporation operates as a visual computing company worldwide.