NVIDIA (NVDA) Q4 Earnings & Revenues Top, Outlook StrongBy Norman Carr Feb 11, 2017
Shares initially fell about 3% in after-hours trading, recovered following an upbeat earnings call, but were trading down 2% to $113.98 on Friday morning.
NVIDIA Corporation (NASDAQ:NVDA)'s earnings per share has been growing at a 20.2 percent rate over the past 5 year when average revenue increase was noted as 7.2 percent. The difference between the expected and actual EPS was $0.26/share, which represents an Earnings surprise of 45.6%.
Nvidia's sales to datacenter applications rose to $296 million in the quarter, more than triple compared to the year-ago quarter and up 23 percent compared with the previous quarter. These analysts have also projected a Low Estimate of $0.79/share and a High Estimate of $0.91/share. At the midpoint, guidance is for revenues to be down 13% q/q to $1.90 billion, vs. BMO /consensus expectation of -8%/-11% q/q to $1.93 billion/$1.87 billion.
Several companies reported on their latest quarterly data, including Nvidia Corporation (NASDAQ:NVDA), Pandora Media Inc (NYSE:P) and Thomson Reuters Corp (NYSE:TRI).
These analysts also forecasted Growth Estimates for the Current Quarter for NVDA to be 137.1%.
Latest New Upcoming Samsung Galaxy S8 Plus Smartphone Features Specs
Samsung Electronics is expected to make a strong promotion, such as a "1 + 1" event, to buy a Samsung Galaxy S8 in North America. Just as we took the schematic leaks with a grain of salt, however, we'd suggest exercising the same caution here.
Despite ongoing initiatives to right the ship, Pandora Media Inc (NYSE:P) missed analysts estimates for two consecutive quarters. And while Intel and others speak highly of potential for next-generation businesses, Nvidia has already found growth in new segments fueled by 12 years of work developing machine learning and artificial intelligence.
When it comes to the Analysis of a Stock, Price Target plays a vital role. Over the same time span, the stock marked US$120.92 as its best level and the lowest price reached was US$24.75.
NVIDIA Corporation (NVDA) was Reiterated by Mizuho to "Buy" according to the research note released today. As a result, the company returned an aggregate of $1.00 billion to shareholders in fiscal 2017. The stock appeared -1.91% below its 52-week highs and is up 6.12% for the last five trades.
Automotive growth appears to be cooling down with revenue of $128 million, up 38% year over year, for the fourth quarter. The stock traded at a volume of 19.09 million shares. Finally, Jefferies Group LLC restated a buy rating and issued a $80.00 price objective on shares of NVIDIA Corporation in a research report on Monday, October 24th. Analysts expect the company to earn 64 cents a share without items. While it's Return on Investment (ROI) value is 10.3%.
NVIDIA Corporation (NVDA) ended last trading session with a change of -1.88 percent. The stock has a 1-month performance of 3.69 percent and is 5.13 percent year-to-date as of the recent close. Geneva Advisors LLC now owns 41,145 shares of the computer hardware maker's stock valued at $2,819,000 after buying an additional 26,285 shares during the last quarter.
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