NVIDIA Corp. (Nasdaq: NVDA) shares are trading just about flat
Wednesday heading into its fourth-quarter earnings report, expected
out after the market closes.
Analysts on the Street currently expect earnings to fall 35 percent
to 19 cents per share on revs of $950.5 million.
Shares of NVIDIA moved slightly lower to $14.77 through the
quarter, and are up 10 percent since. NVIDIA has traded within the
range of $11.47 to $26.01 over the last year.
Investors might take a peek at AMD's (
) quarterly numbers, issued in late January, which showed the
chipmaker topped earnings expectations but missed on the top-line.
AMD did bolster margins by about 1 point to 46 percent overall.
Bloomberg data shows 14 analysts with a Buy rating on NVIDIA, 18 at
Hold, and two maintaining a Sell. The analyst price target average
is $16, with a low of $11 and high of $24.
- Goldman Sachs is looking for EPS of 22 cents and revs of
$953.7 million. The firm is looking for NVIDIA to report in-line
with it's Jan. 24th negative pre-announcement; guidance should
come in below Street views. On the outlook, Goldman sees HDD
constraints on top of negative seasonality.
On the negative pre-announcement in January, Goldman considered
two main factors: "(1) lower demand for mainstream GPUs due to
HDD shortages at PC OEMs related to the flooding in Thailand, and
(2) greater-than-expected declines in Tegra 2 ahead of the ramp
of Tegra 3 in 1QCY."
Looking to the next quarter, channel checks by Goldman suggest
Tegra 3 is unlikely to ramp in the April quarter.
- Deutsche Bank is looking for revs of $950 million and EPS of
20 cents. Deutsche sees about 3 percent of sequential growth for
the Professional Solutions segment and a 15 percent drop in revs
at GPU and Consumer segments.
For the next quarter, Deutsche commented, "While we expect
continued growth in the Professional Solutions segment (+2% q/q),
we expect the GPU segment to face seasonal and Thai-flood related
headwinds yet again. We note that the two primary PC CPU vendors
guided 1Q revs to fall roughly -8% q/ q, slightly worse than
normal seasonality to reflect the continued headwind from the
Thai flood HDD shortages."
- JPMorgan sees EPS of 32 cents in the quarter. The firm
maintains a Neutral rating and $16.50 price target.
Stay tuned to StreetInsider.com's
section to see our analysis of the highly-anticipated quarterly
results within seconds of their release. You can also check out
NVIDIA's past performance at Streetinsider's
NVIDIA's Income Statement