The company is expected to report strong results for its fiscal fourth quarter, driven by continued demand for its GPUs in the gaming and data center markets.Analysts are expecting Nvidia to report revenue of $2.81 billion for the quarter, up 38% from a year ago. Earnings are expected to come in at $1.33 per share, up from $0.94 a year ago. Nvidia has been on a roll lately, thanks to strong demand for its GPUs in the gaming and data center markets. The company’s stock is up more than 50% over the past year, and analysts are expecting strong results for the fourth quarter.
The company’s gaming business continues to be a smash hit, thanks to the popularity of high-end games like Fortnite and PlayerUnknown’s Battlegrounds. Nvidia’s data center business is also doing well, thanks to the growth of artificial intelligence and machine learning. Looking ahead, analysts are expecting Nvidia to post strong growth in both businesses. The company is expected to report revenue of $11.2 billion for fiscal 2019, up 36% from fiscal 2018. Earnings are expected to come in at $5.55 per share, up from $3.62 per share a year ago. Investors will be watching Nvidia’s upcoming earnings report closely to see if the company can continue its strong growth. Nvidia is scheduled to report its fiscal fourth-quarter results on February 8th.
The importance of Nvidia’s upcoming earnings report
Investors will be keeping a close eye on Nvidia’s upcoming earnings report as the company looks to rebound from its recent struggles. Nvidia has seen its stock prices drop significantly in recent months, but analysts remain bullish on the company’s long-term prospects. The upcoming earnings report could provide investors with some much-needed clarity as to Nvidia’s future direction.
With Nvidia’s stock price down significantly, the upcoming earnings report could provide some much-needed clarity as to the company’s future direction. Analysts are expecting strong results from the quarter, driven by continued demand for Nvidia’s GPUs in the gaming and data center markets. Investors will be looking for further details on the company’s plans to rebound from its recent struggles.
Historical performance of Nvidia ahead of its earnings reports
Nvidia has a history of beating earnings estimates, and analysts are expecting the company to continue its strong performance in the fourth quarter. In the past four quarters, Nvidia has beat earnings estimates by an average of 5%. The company is also scheduled to report its fiscal fourth-quarter results on February 8th.
Nvidia’s upcoming earnings report will be closely watched by investors as the company looks to rebound from its recent struggles. The company has seen its stock prices drop significantly in recent months, but analysts remain bullish on the company’s long-term prospects. Nvidia is expected to report strong results for its fiscal fourth quarter, driven by continued demand for its GPUs in the gaming and data center markets.
Analyst predictions for Nvidia’s stock price
Analysts are predicting that Nvidia’s stock price will rebound in the wake of its upcoming earnings report. The average price target for the company’s stock is $251.38, which represents a 12% upside from its current level. Analysts are expecting strong results from the quarter, driven by continued demand for Nvidia’s GPUs in the gaming and data center markets. Investors will be looking for further details on the company’s plans to rebound from its recent struggles. Nvidia is scheduled to report its fiscal fourth-quarter results on February 8th.
Nvidia’s upcoming earnings report will be closely watched by investors as the company looks to rebound from its recent struggles. The company has seen its stock prices drop significantly in recent months, but analysts remain bullish on the company’s long-term prospects. Nvidia is expected to report strong results for its fiscal fourth quarter, driven by continued demand for its GPUs in the gaming and data center markets.
