NVIDIA Corporation (NASDAQ:NVDA) is reporting third quarter earnings results on Wednesday 18th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 2.57 per share.
For the full year, analysts predict revenues of $ 15803.60 million, while looking forward to income of $ 9.11 per share.
The Company Outlook
Revenue for 3Q21 are expected in a range of $ 4,312.00 million ~ $ 4,488.00 million
Click Here For More Historical Outlooks Of NVIDIA Corporation
Previous Quarter Performance
NVIDIA Corporation unveiled income for the second quarter of $ 2.18 per share, from the revenue of $ 3,866.00 million. The quarterly earnings 22.47 percent while revenues escalated 28.27 percent compared with the same quarter last year.
Street analysts expected NVIDIA Corporation to report income of $ 2.19 per share on revenue of $ 3996.19 million for the second quarter. The bottom line results missed street analysts by $ 0.01 or 0.46 percent, at the same time, top line results fell short of analysts by $ 130.19 million or 3.26 percent.
Stock Performance
Shares of NVIDIA Corporation traded low $ -3.72 or -0.69 percent on Tuesday, reaching $ 536.89 with volume of 7.80 million shares. NVIDIA Corporation has traded high as $ 543.84 and has cracked $ 532.15 on the downward trend
According to the previous trading day, closing price of $ 536.89, representing a 199.21 % increase from the 52 week low of $ 180.68 and a 8.23 % decrease over the 52 week high of $ 589.07.
The company has a market capital of $ 331.64 billion and is part of the Technology sector and Semiconductors industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by BMO Capital Markets at Outperform rating, with $ 650.00 target price.
- On 6th October 2020, maintained by JPMorgan Chase & Co. at Overweight rating, with $ 605.00 target price.
- On 6th October 2020, maintained by Oppenheimer at Outperform rating, with $ 600.00 target price.
Conference Call
NVIDIA Corporation will be hosting a conference call at 5:00 PM eastern time on 18th November 2020, to discuss its 3Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nvidia.com
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
