2/18/2023 0 Comments Nvda stock price tomorrowNvidia is down 5.99% during the same time, and is heading into the earnings with analyst price target of $272.4, compared to share price of $243.5. The technology sell-off has been putting pressure on stocks since November and while some of the semiconductor stocks have fared somewhat better, they have not been spared, with share price declining 9.59% over the last month. Read our full analysis of Qualcomm's results here and Qorvo's results here. Qualcomm traded down 4.85% on results, Qorvo was down 10.4%. Qualcomm (NASDAQ:QCOM) delivered top-line growth of 29.9% year on year, beating analyst estimates by 2.59% and Qorvo (NASDAQ:QRVO) reported revenues up 1.74% year on year, exceeding estimates by 0.73%. Looking at Nvidia's peers in the processors and graphics chips segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 4.37%. Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. Earnings are expected to come in at $1.22 per share. This quarter analysts are expecting Nvidia's revenue to grow 48.5% year on year to $7.43 billion, slowing down from the 61.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Is Nvidia buy or sell heading into the earnings? Read our full analysis here, it's free. It was a very strong quarter for the company, with a very optimistic guidance for the next quarter and an exceptional revenue growth. Last quarter Nvidia reported revenues of $7.1 billion, up 50.2% year on year, beating analyst revenue expectations by 4.25%. Leading designer of graphics chips Nvidia (NASDAQ:NVDA) will be reporting earnings tomorrow after market close.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
February 2023
Categories |