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[Earnings Preview] NVIDIA's financial results at 6:00 a.m. on the 22nd Wall Street is expected to rise by a maximum of 65% or more

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moomooニュース米国株 wrote a column · Feb 20 00:27
This article uses automatic translation for some of its parts
[Earnings Preview] NVIDIA's financial results at 6:00 a.m. on the 22nd Wall Street is expected to rise by a maximum of 65% or more
● $NVIDIA (NVDA.US)$After the end of trading hours on the 21st (local,22nd at 6:20 a.m. Japan time) We plan to announce financial results for the fiscal year ending 2023/11/2024/1.
● NVIDIA's stock price has been doing well, and has recorded a significant increase of nearly 50% since the beginning of the year. The driving force behind this growth is growing demand for AI technology, and the company has received optimistic target share price increases from financial institutions such as Goldman Sachs and Bank of America.
● According to MOOMOO, the market forecast for NVIDIA's financial results for the fiscal year ending November-January isSales increased 239.06% year over year to $20.517 billion、Earnings per share (EPS) are expected to increase 637.74% year over year to $4.21It has been selected.
● Loop Capital analyst Ananda BaruahEvaluate NVDA as a “buy” with a target stock price of 1200 dollarsI did it. On the other hand, if it does not meet the high expectations of the market,Risk of stock prices fallingThere is also one.
Sales are expected to increase 239.06% from the same period last year, and EPS is expected to increase 637.74% from the same period last year
$NVIDIA (NVDA.US)$At 4:20 p.m. EST on the 21st (22nd at 6:20 a.m. Japan timeAround)Announcement of financial resultsI plan to do it.Earnings ConferenceAt 5 p.m. (Same 22nd at 7:00 a.m.Schedule from).
According to Moomoo data, the market forecast for NVIDIA's financial results for the fiscal year ending November-1 is expected to be 20.517 billion dollars, up 239.06% from the same period last year, and earnings per share (EPS) to 4.21 dollars, up 637.74% from the same period last year.
The market expects stocks to continue to soar, and Wall Street anticipates a rise of up to 65% or more |
NVIDIA's stock price (NVDA) will increase by about 3.4 times in one year in 2023It played a sharp rise that became. This is because the rapid growth of the data center division, which handles semiconductors for artificial intelligence (AI) development, was well received. The momentum has continued since the beginning of 2024,The closing price on the 13th ($721.28) is 45.65% higher than the end of 2023. Even as expectations for interest rate cuts by the US Federal Reserve (Fed) recede, they are driving stock prices by repeatedly updating high prices since listing. Also, major banks such as Goldman Sachs and Bank of America have also raised target stock prices bullishly, and a new wave of optimism is surging in among investors.
According to Moomoo, 42 analysts announced NVDA's target share price. The highest target share price is $1200 for Loop Capital Markets analystsThe minimum target stock price is 560 dollars for Deutsche Bank. The average target stock price is 741.94 dollars, and the stock price as of 2024/02/19 is 726.13 dollars.
[Earnings Preview] NVIDIA's financial results at 6:00 a.m. on the 22nd Wall Street is expected to rise by a maximum of 65% or more
An increase in backorders indicates an increase in unrealized profits in the future
Remaining Performance Obligations (RPO) represents the scale of NVDA's backlog of orders. RPO includes deferred revenue for future periods and revenue that has not yet been claimed. It is a leading indicator showing the possibility of future earnings. After the 11th quarter (Q3 FY21 to Q1 FY24), when the RPO level was almost stagnant in the 650 dollar range, RPO growth has accelerated in the last 2 quarters compared to the same period last year.
Source: SeekingAlpha
Source: SeekingAlpha
RPOs that have been recognized beyond NTM currently account for 58% of the total RPO and have reached 520 million dollars. This long-term RPO has begun to show strong acceleration, as can be seen by looking at the movement of new RPO compared to the previous quarter.
Source: SeekingAlpha
Source: SeekingAlpha
It suggests that NVIDIA customers have signed longer-term contracts, and is thought to be a particularly favorable sign. As a result, earnings stability and prospects will also be good until 2025. In fact, Chief Executive Officer Jensen Huang (CEO) confidently stated the following at the financial results briefing for the 3rd quarter of fiscal year 24, and confirmed the same qualitatively.
I'm sure the data center can grow until 2025.
Despite the stock price being at an all-time high, valuation is close to the level of the valley
Source: SeekingAlpha
Source: SeekingAlpha
The total market value of NVIDIA is trading at a level close to its peak of 1.8 trillion dollars. However, that1-year forward PER is 36.8 times, close to the level of the valley 5 years ago. Given the bullish growth outlook, thisOpportunity to buyIt is said that there is a possibility.
-Moomoo News Zeber, Sherry
Sources: Bloomberg, IG, seekingalpha, Benzinga, Investing, mooomoo
This article uses automatic translation for some of its parts
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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