Wall Street analysts expect NVIDIA Co. (NASDAQ:NVDA) to report $2.90 billion in sales for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for NVIDIA’s earnings, with the lowest sales estimate coming in at $2.90 billion and the highest estimate coming in at $2.91 billion. NVIDIA posted sales of $3.18 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.8%. The company is scheduled to announce its next quarterly earnings report after the market closes on Thursday, November 14th.

According to Zacks, analysts expect that NVIDIA will report full-year sales of $10.73 billion for the current year, with estimates ranging from $10.60 billion to $10.84 billion. For the next financial year, analysts anticipate that the company will post sales of $12.96 billion, with estimates ranging from $12.16 billion to $13.59 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover NVIDIA.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.37. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.55 billion. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The company’s revenue was down 17.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.94 EPS.

A number of research firms have recently weighed in on NVDA. Evercore ISI raised their price target on shares of NVIDIA from $185.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price target on shares of NVIDIA in a research report on Friday, August 16th. Cascend Securities raised their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Co raised their price target on shares of NVIDIA from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, FBN Securities set a $190.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $189.15.

In related news, Director Persis Drell sold 2,500 shares of NVIDIA stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $167.36, for a total value of $418,400.00. Following the transaction, the director now owns 18,184 shares of the company’s stock, valued at approximately $3,043,274.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael G. Mccaffery sold 15,000 shares of NVIDIA stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $165.97, for a total value of $2,489,550.00. Following the completion of the transaction, the director now directly owns 27,579 shares in the company, valued at approximately $4,577,286.63. The disclosure for this sale can be found here. Insiders sold a total of 66,383 shares of company stock worth $11,625,217 in the last three months. 4.64% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Marquette Asset Management LLC grew its stake in NVIDIA by 416.7% during the 3rd quarter. Marquette Asset Management LLC now owns 155 shares of the computer hardware maker’s stock valued at $27,000 after acquiring an additional 125 shares in the last quarter. Pacific Center for Financial Services grew its stake in NVIDIA by 143.1% during the 2nd quarter. Pacific Center for Financial Services now owns 158 shares of the computer hardware maker’s stock valued at $26,000 after acquiring an additional 93 shares in the last quarter. Investors Research Corp grew its stake in NVIDIA by 313.0% during the 3rd quarter. Investors Research Corp now owns 190 shares of the computer hardware maker’s stock valued at $33,000 after acquiring an additional 144 shares in the last quarter. Field & Main Bank purchased a new position in NVIDIA during the 2nd quarter valued at about $33,000. Finally, American National Bank purchased a new position in NVIDIA during the 3rd quarter valued at about $35,000. 64.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NVDA stock traded down $0.56 during trading hours on Monday, hitting $207.78. 4,727,100 shares of the company were exchanged, compared to its average volume of 11,881,960. NVIDIA has a 1 year low of $124.46 and a 1 year high of $211.70. The company has a quick ratio of 7.74, a current ratio of 8.65 and a debt-to-equity ratio of 0.24. The firm has a market cap of $127.65 billion, a PE ratio of 34.23, a PEG ratio of 5.39 and a beta of 2.06. The firm has a fifty day moving average of $189.47 and a 200 day moving average of $169.78.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Earnings History and Estimates for NVIDIA (NASDAQ:NVDA)

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