Earnings and Growth Analysis : NVIDIA Stock Forecast, Price & News (NASDAQ:NVDA)

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Earnings results for NVIDIA Stock Forecast, Price & News (NASDAQ:NVDA)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJul 2020 , the consensus EPS* forecast has remained the same over the past week at 1.63 and remained the same over the past month at 1.63. none raised and none lowered their forecast. For the fiscal year ending Jan 2021 , the consensus EPS* forecast has remained the same over the past week at 6.57 and remained the same over the past month at 6.57 . none raised and none lowered their forecast.

NVIDIA last posted its earnings data on May 21st, 2020. The computer hardware maker reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3 billion. Its revenue was up 38.7% on a year-over-year basis. NVIDIA has generated $4.59 earnings per share over the last year and currently has a price-to-earnings ratio of 91.7. NVIDIA has confirmed that its next quarterly earnings report will be published on Wednesday, August 19th, 2020.

Analyst Opinion on NVIDIA Stock Forecast, Price & News (NASDAQ:NVDA)

39 Wall Street analysts have issued ratings and price targets for NVIDIA in the last 12 months. Their average twelve-month price target is $402.14, predicting that the stock has a possible downside of 18.00%. The high price target for NVDA is $565.00 and the low price target for NVDA is $158.00. There are currently 4 sell ratings, 4 hold ratings and 31 buy ratings for the stock, resulting in a consensus rating of “Buy.”

NVIDIA has received a consensus rating of Buy. The company’s average rating score is 2.69, and is based on 31 buy ratings, 4 hold ratings, and 4 sell ratings. According to analysts’ consensus price target of $402.14, NVIDIA has a forecasted downside of 18.0% from its current price of $490.43. NVIDIA has been the subject of 30 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: NVIDIA Stock Forecast, Price & News (NASDAQ:NVDA)

NVIDIA has a dividend yield of 0.13%, which is in the bottom 25% of all stocks that pay dividends. NVIDIA has only been increasing its dividend for 1 years. The dividend payout ratio of NVIDIA is 13.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NVIDIA will have a dividend payout ratio of 7.82% next year. This indicates that NVIDIA will be able to sustain or increase its dividend.

Insiders buying/selling: NVIDIA Stock Forecast, Price & News (NASDAQ:NVDA)

In the past three months, NVIDIA insiders have sold 3,955,801.00% more of their company’s stock than they have bought. Specifically, they have bought $2,498.00 in company stock and sold $98,818,407.00 in company stock. Only 4.47% of the stock of NVIDIA is held by insiders. 68.80% of the stock of NVIDIA is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of NVIDIA Stock Forecast, Price & News (NASDAQ:NVDA

Earnings for NVIDIA are expected to grow by 24.51% in the coming year, from $6.57 to $8.18 per share. The P/E ratio of NVIDIA is 91.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.32. The P/E ratio of NVIDIA is 91.67, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.08. NVIDIA has a PEG Ratio of 4.17. PEG Ratios above 1 indicate that a company could be overvalued. NVIDIA has a P/B Ratio of 24.62. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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