Will NVIDIA's financial report exceed expectations today


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NVIDIA's financial report is poised to exceed expectations today. Here's why:
- Earnings Per Share (EPS) and Revenue Expectations: NVIDIA's EPS for the quarter ending April 2024, is expected to be $5.59, which is significantly higher than the current reported EPS of $4.991. This indicates a positive trend in earnings per share, suggesting that the company has been able to increase its profitability.
NVDA Basic EPS
- Analyst Consensus and Price Target: The consensus rating for NVIDIA is a "Strong Buy" with an average price target of $1077.292. This consensus suggests that analysts are optimistic about the company's future performance, which could be reflected in the financial results.
- Recent Revenue Growth: NVIDIA has shown impressive revenue growth, with a record quarterly revenue of $22.1 billion, up 22% from the previous quarter and up 265% from a year ago3. This indicates a strong revenue momentum, which is a positive signal for the upcoming financial report.
- Growth in Data Center Revenue: The company's Data Center revenue has also seen a significant increase, up 27% from the previous quarter and up 409% from a year ago3. This growth in a high-margin segment is a positive indicator for the company's financial health.
- Full-Year Revenue Expectations: For the full year, NVIDIA's revenue is expected to be $60.9 billion, up 126% from the previous year3. This expectation is in line with the company's strategic growth initiatives and suggests that the company is on track to exceed revenue targets.
In conclusion, the combination of expected EPS growth, positive analyst sentiment, strong revenue trends, and bullish growth projections for the full year, strongly suggest that NVIDIA's financial report will exceed expectations today.
Source:
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NVDA EPS, Revenue
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