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
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.
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.