![]() ![]() What analysts are saying: Susquehanna Financial analyst Christopher Rolland, who has a neutral rating on Nvidia, raised his target price on the stock to $230 from $200 on Tuesday and said he expects better-than-expected results and outlook from the company. Stock movement: Shares have advanced nearly 19% since the company last reported earnings, compared with a more than 11% rise in the PHLX Semiconductor IndexĪnd a nearly 6% gain in the S&P 500 index Estimize expects revenue of $2.97 billion. Nvidia has said it expects revenue of $2.84 billion to $2.96 billion. ![]() That’s up from the $2.46 billion forecast at the beginning of the quarter and $1.94 billion a year ago. Revenue: Wall Street expects revenue of $2.89 billion from Nvidia, according to 25 analysts polled by FactSet. Estimize, a software platform that uses crowdsourcing from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of $1.77 a share. The company posted EPS of 79 cents in the year-earlier period. Data visualization revenue is estimated to rise 21% to $248.1 million, and PC and mobile OEM revenue is expected to rise 3.2% to $161 million.Įarnings: Of the 23 analysts surveyed by FactSet, Nvidia on average is expected to post adjusted earnings of $1.46 a share, up from the 96 cents a share expected at the beginning of the quarter. Nvidia showed off how it plans to expand the use of AI technology into new areas at its GPU Technology Conference in late March, as it halted testing of self-driving cars.Īuto-related revenue is forecast to slip 0.4% to $139.5 million. ![]() CPU, we could see continued step-function growth Datacenter demand – well in excess of the ~50% y/y growth modeled for FY19,” the analyst said. “While it’s difficult to quantify a direct relationship between Intel and Nvidia cloud sales, general trends suggest cloud data-center investment remains strong – and with common cloud workloads requiring a multiple of GPU vs. Nvidia competitor Advanced Micro Devices Inc. ![]() 1.93% driven by cloud-computing sales indicate that Nvidia’s estimated growth in that key market may be conservative, said Raymond James analyst Chris Caso in a recent note. Gaming revenue at Nvidia is expected to surge 57% to $1.61 billion from the year-ago period, according to FactSet, with data-center revenue expected to jump 60% to $656 million. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |