This is not the first time NVDA stock gets punished. To read this article on click here.Buy Nvidia Corporation (NVDA) Stock Dip Before It Closes NVIDIA Corporation (NVDA) : Free Stock Analysis Report Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. You can find more information on all of these metrics, and much more, on. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. This industry currently has a Zacks Industry Rank of 183, which puts it in the bottom 28% of all 250+ industries. The Semiconductor - General industry is part of the Computer and Technology sector. NVDA's industry had an average PEG ratio of 1.82 as of yesterday's close. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Investors should also note that NVDA has a PEG ratio of 2.93 right now. This valuation marks a premium compared to its industry's average Forward P/E of 11.21.
In terms of valuation, Nvidia is currently trading at a Forward P/E ratio of 35.93. Nvidia is holding a Zacks Rank of #5 (Strong Sell) right now. Over the past month, the Zacks Consensus EPS estimate has moved 18.15% lower. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988.
This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Our research shows that these estimate changes are directly correlated with near-term stock prices. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Recent revisions tend to reflect the latest near-term business trends.
These totals would mark changes of -21.17% and +2.03%, respectively, from last year.Īny recent changes to analyst estimates for Nvidia should also be noted by investors. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.50 per share and revenue of $27.46 billion.
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