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Tuesday, October 19, 2021

NVDA Will Be Pushing Out A Quarterly Sum Of $6.34 Billion

Quite a few research analysts from Wall Street have predicted that the stocks of NVDA will be announcing a quarterly sum of $6.34 billion. According to a report, nine investment analysts have already provided estimates into the earnings of the company. The ball has been rolled at a sum of $6.30 billion with the highest coming in at $6.43 billion.

The company did post a sales sum of $3.87 billion the previous year which does indicate an annual growth rate of 63.8%. The company will be posting its next quarterly report on the 18th of August. 

The Quarterly Report Of NVDA

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NVDA did publish its quarterly result on the 25th of May. The EPS reported by the maker of computer hardware was $0.92, which was more than the consensus estimate of $0.82. The revenue generated by the company during this period was $5.66 billion, which was more than the consensus estimate of $5.40 billion. The net margin of the company was 27.66%, with a 37.98% return on equity. 

There have been quite a few research equities that have commented on the stocks of NVDA. Jefferies Financial has already increased the price target of the company from $185 to $213 with a rating of buy in a 17th June research report. KeyCorp has also increased the price target of the company to $237 with a rating of overweight in a 6th July research report.

The Bank of America has also increased the price target of the company from $200 to $225 with a rating of buy in an 18th June research report. Rosenblatt Securities also increased the price target of the company to $200 in a 13th April research report.  

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Three of the investment analysts have already issued the company with a rating of hold, while twenty-nine others have issued the company a rating of buy. Currently, NVDA has a buy consensus rating along with a $179 price target. 

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