Last Reported Results and Surprise History The $27.46 billion and $31.4 billion estimates for the current and next fiscal years indicate changes of +2% and +14.4%, respectively. In the case of Nvidia, the consensus sales estimate of $5.99 billion for the current quarter points to a year-over-year change of -15.7%. So, it's important to know a company's potential revenue growth.

After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.ġ2-month consensus EPS estimate for NVDA _12MonthEPSChartUrl Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. The key question now is: What could be the stock's future direction? During this period, the Zacks Semiconductor - General industry, which Nvidia falls in, has lost 7.8%. Over the past month, shares of this maker of graphics chips for gaming and artificial intelligence have returned -8.3%, compared to the Zacks S&P 500 composite's -6.2% change. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

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