![]() ![]() So, at $195.92 at the time of writing, this puts NVDA stock on a forward price-to-earnings (P/E) forecast of 30 times for 2023. And next year, they forecast another 20% growth to $6.52 per share. Going forward, 39 analysts forecast on average that earnings will rise 22.7% to $5.45 for the year ending Jan. In other words, the market was very pleased with these results and sees the stock as a bargain. Since the earnings were released on May 25, NVDA is actually up by 15.4% from $169.75. 2, down from the price of $294.11 on Dec. Since the beginning of the year, NVDA stock is down one-third, at $195.92 as of Jun. That sets this stock apart from the rest and makes it worth investigating further to take advantage of its lower price. ![]() So, while other tech stocks are reporting lower sales and earnings, Nvidia reported higher sales and net income. Not including those charges, Nvidia’s non-GAAP earnings per share (EPS) were up 49% YOY and even up 3% from the prior quarter. Moreover, its earnings came in higher, as well, making NVDA stock a good bet at today’s price.Įven though GAAP earnings were down 16% year-over-year (YOY), this included one-time charges from the termination of the purchase of semiconductor firm, ARM, in the U.K. This included record revenue from its Data Center and Gaming Divisions. ![]() Revenue came in at $8.29 billion, up 46% from a year ago, and up 8% from the fourth quarter (Q4) of 2021. Nvidia (NASDAQ: NVDA) reported stellar revenue growth on May 25 for the quarter ending May 1. ![]()
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