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Earnings Estimates Moving Higher for NVIDIA Corporation (NVDA): Time to Buy? - Tale of the Tape

NVIDIA Corporation ( NVDA ) is a visual computing company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on NVDA's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that NVIDIA Corporation could be a solid choice for investors.

Current Quarter Estimates for NVDA

In the past 30 days, 15 estimates have gone higher for NVIDIA Corporation while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 23 cents a share 30 days ago, to 28 today, a move of 21.7%.

Current Year Estimates for NVDA

Meanwhile, NVIDIA Corporation's current year figures are also looking quite promising, with 15 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 92 cents per share 30 days ago to $1.02 per share today, an increase of 10.9%.

Bottom Line

The stock has also started to move higher lately, adding 5.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.

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NVIDIA CORP (NVDA): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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