The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). Our system takes these estimate changes into account and delivers a clear, actionable rating model.

We developed the Zacks Rank to capitalize on this phenomenon. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. Recent revisions tend to reflect the latest near-term business trends. These results would represent year-over-year changes of +24.77% and +28.42%, respectively.Īny recent changes to analyst estimates for Nvidia should also be noted by investors. NVDA's full-year Zacks Consensus Estimates are calling for earnings of $5.54 per share and revenue of $34.56 billion. Our most recent consensus estimate is calling for quarterly revenue of $8.11 billion, up 43.29% from the year-ago period. On that day, Nvidia is projected to report earnings of $1.29 per share, which would represent year-over-year growth of 40.22%. Investors will be hoping for strength from Nvidia as it approaches its next earnings release.

This has lagged the Computer and Technology sector's loss of 6.03% and the S&P 500's loss of 1.42% in that time. Prior to today's trading, shares of the maker of graphics chips for gaming and artificial intelligence had lost 18.52% over the past month. Meanwhile, the Dow gained 1.45%, and the Nasdaq, a tech-heavy index, added 0.36%. This move outpaced the S&P 500's daily gain of 1.61%. Nvidia (NVDA) closed at $221.98 in the latest trading session, marking a +1.91% move from the prior day.

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