NVIDIA (Nasdaq: NVDA) shares are trading higher Thursday
afternoon heading into the second-quarter 2013 earnings report,
expected out after the market closes.
Currently, the Street is looking for NVIDIA to report a 56 percent
drop in earnings per share to $0.14 per share on revenue of $1.01
billion, or down 1 percent.
Data from StreetInsider.com's
has 15 analysts with a Buy, 14 at Neutral, and zero with a Sell
rating on NVIDIA.
- Deutsche Bank is looking for revenue of $1,022m, up+10.5% q/q
and +0.6% y/y which is in-line with mid-point of guidance
($990-1050m) and slightly above Street at $1,014m. Growth in
solid product momentum in Mobile (Tegra) and PC (Kepler GPU)
should offset a slowing demand environment in GPUs and Mobile,
according to the firm. They model F2Q13 EPS of $0.17, above the
Street estimates of $0.14, due to better margins. Still DB is
maintaining a Hold on NVDA. "While an HDD-related snapback is
likely to benefit the GPU segment as 2012 progresses, we expect
seasonal and structural challenges to persist (MPU integration
- Wedbush said despite the tough macro backdrop, they expect
results to meet expectations. "We think despite the weakening
demand trends in PCs in the months of June and July that NVDA's
FQ2 print will likely meet expectations primarily driven by
Kepler, Tegra, and GPU market share gains," the analyst said. The
firm is modeling revenue of $1,007.6MM, up 9% sequentially, and
EPS of $0.14, in-line with the Street. Wedbush rates shares at
Outperform, with an $18 price target.
Find out earnings from NVIDIA and other stocks immediately
following their release at