Analysts expect the company to earn 64 cents a share without items.
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The company shows its Return on Assets (ROA) value of 15.2%. The stock appeared -1.91% below its 52-week highs and is up 6.12% for the last five trades. NVIDIA posted $1.9 billion in revenues, with $1.88 billion expected by analysts. Therefore, if NVIDIA Corporation meet or beat analysts’ forecasts of earnings, its earnings per share would see an increase of about 137.14%. NVIDIA’s focus on automotive technologies and data centers could be two huge growth areas in the coming years – and they’re future opportunities investors shouldn’t overlook.
This company was Downgrade by ROTH Capital on 6-Feb-17 to Neutral.
In a separate transaction, on Jan 13, 2017, Jen Hsun Huang (President and CEO) sold 41,666 shares at 102.74 per share price.On Dec 29, 2016, Tench Coxe (director) sold 50,000 shares at 116.70 per share price.On Dec 16, 2016, A Brooke Seawell (director) sold 3,106 shares at 96.90 per share price. The shares moved at $119.13, implying that brokerage firms see shares gaining about 376.90% in twelve months time.
NVIDIA Corporation (NASDAQ:NVDA) plunged -0.44% or -0.52 points during previous trade after opening at the price of $118.40, a total of 11,178,600 shares exchanged hands compared with its average trading volume of 18.12M shares. The High end of the Estimate is $2 Billion, while the Low end of the Estimate is $1.75 Billion. In comparison, the consensus recommendation 60 days ago was at 2, and 90 days ago was at 2.04 respectively.
Nvidia’s core business, graphics processors for high-end videogame play, grew an astounding 66% for the quarter and 44% for the full year. Revenue came to $2.17 billion, up 55 percent year-over-year. The solid revenue growth across multiple segments in combination with a guidance ahead of expectations indicates that the post earnings drop in the NVDA stock price is more a result of unreasonable investor expectations rather than issues with the company fundamentals. NVIDIA’s 3D graphics processors are used in a wide variety of applications, including games, the Internet and industrial design.
Nvidia’s shares, which have risen almost five times in the last 12 months, were down 1 percent at $115.21 in after-hours trading on Thursday. The Return on Equity (ROE) value stands at 26%. Zacks Investment Research raised NVIDIA Corporation from a hold rating to a strong-buy rating and set a $78.00 price objective for the company in a research report on Monday, November 7th. The analysts, on average, are forecasting a $103.5 price target, but the stock is already up 374.74% from its recent lows. The median estimate represents a +9.81% increase from the last price of 8.48. The median one-year price target of 28 analysts covering the company is $110.50, which suggests the stock could still rise over -7 percent.
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The company topped analysts’ expectations for most of its earnings reports. For comparison, there was a revenue of $1.31B and EPS of $0.33 in the April 2016 period.
