The Semiconductor - General industry is part of the Computer and Technology sector. NVDA's industry had an average PEG ratio of 1.82 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. Investors should also note that NVDA has a PEG ratio of 2.93 right now. This valuation marks a premium compared to its industry's average Forward P/E of 11.21. In terms of valuation, Nvidia is currently trading at a Forward P/E ratio of 35.93. Nvidia is holding a Zacks Rank of #5 (Strong Sell) right now. Over the past month, the Zacks Consensus EPS estimate has moved 18.15% lower. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988.
This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Our research shows that these estimate changes are directly correlated with near-term stock prices. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Recent revisions tend to reflect the latest near-term business trends. These totals would mark changes of -21.17% and +2.03%, respectively, from last year.Īny recent changes to analyst estimates for Nvidia should also be noted by investors. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.50 per share and revenue of $27.46 billion. Meanwhile, our latest consensus estimate is calling for revenue of $5.99 billion, down 15.73% from the prior-year quarter. The company is expected to report EPS of $0.74, down 36.75% from the prior-year quarter. Nvidia will be looking to display strength as it nears its next earnings release. In that same time, the Computer and Technology sector lost 11.99%, while the S&P 500 lost 9.09%.
Elsewhere, the Dow lost 1.62%, while the tech-heavy Nasdaq added 0.01%.Ĭoming into today, shares of the maker of graphics chips for gaming and artificial intelligence had lost 29.88% in the past month. This change was narrower than the S&P 500's 1.72% loss on the day. Nvidia ( NVDA Quick Quote NVDA - Free Report) closed at $125.16 in the latest trading session, marking a -0.36% move from the prior day.
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