NVIDIA Corp reports results for the quarter ended in January - Earnings Summary

NVIDIA Corp (NVDA.OQ) reported quarterly adjusted earnings of $5.16 per share for the quarter ended in January, higher than the same quarter last year, when the company reported EPS of 88 cents. The mean expectation of thirty seven analysts for the quarter was for earnings of $4.64 per share. Wall Street expected results to range from $4.33 to $5.44 per share. Revenue rose 265.3% to $22.10 billion from a year ago; analysts expected $20.62 billion. NVIDIA Corp’s reported EPS for the quarter was $4.93. The company reported quarterly net income of $12.29 billion. NVIDIA Corp shares had risen by 36.2% this quarter. FORECAST CHANGES The mean earnings estimate of analysts had risen by about 3.1% in the last three months. In the last 30 days, there have been no negative revisions of earnings estimates RECOMMENDATIONS The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 51 “strong buy” or “buy,” 4 “hold” and no “sell” or “strong sell.” The average consensus recommendation for the semiconductors peer group is also “buy” Wall Street’s median 12-month price target for NVIDIA Corp is $850.00 This summary was machine generated from LSEG data February 23 at 03:02 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jan. 31 2024 4.64 5.16 Beat Oct. 31 2023 3.37 4.02 Beat Jul. 31 2023 2.09 2.70 Beat Apr. 30 2023 0.92 1.09 Beat