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Earnings Preview: Nvidia announces earnings on the 22nd at 6 AM ET, Wall Street predicts a rise of over 65%.

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moomooニュース米国株 wrote a column · Feb 20 00:27
This article uses automatic translation in some parts.
Earnings Preview: Nvidia announces earnings on the 22nd at 6 AM ET, Wall Street predicts a rise of over 65%.
● $NVIDIA (NVDA.US)$After the end of trading on the 21st (local time,at 6:20 AM on the 22nd of November 2023 - January 2024 Japan time), the company is scheduled to announce its earnings for the period from November 2023 to January 2024.
Nvidia's stock price has been performing well, recording a significant increase of nearly 50% year-to-date. The driving force behind this growth is the increasing demand for AI technology, with the company receiving optimistic target price upgrades from financial institutions such as Goldman Sachs and Bank of America.
According to moomoo, market expectations for Nvidia's earnings in the January 11th month period arewith revenue increasing by 239.06% year-on-year to 20.517 billion dollars,EPS is expected to increase by 637.74% to $4.21 per share.is rare.
Ananda Baruah, an analyst at Loop Capital, rates NVDA as "buy" with a target price of $1200.On the other hand, there is a risk of a decline in stock price if market expectations are not met.if market expectations are not met.There is a risk of a decline in stock price.There are also.
In addition, Nvidia is scheduled to announce its FY2025 Q2 earnings at 6:00 a.m. Japan time on August 29th.Check the earnings preview now >>
Revenue is expected to increase by 239.06% compared to the same period last year, and EPS is expected to increase by 637.74%.
$NVIDIA (NVDA.US)$at 4:20 p.m. Eastern Time on the 21st (at 6:20 a.m. Japan time on the 22nd)Earnings announcementis scheduled.Earnings conferencescheduled from 5 p.m.on the same day at 7 a.m.Market expectations for Nvidia's earnings for the period of November to January, based on moomoo data, are that revenue will increase by 239.06% to $20.517 billion compared to the same period last year, and earnings per share (EPS) will increase by 637.74% to $4.21.
The market expects the stock price to continue to rise, with Wall Street predicting an increase of over 65%.
Nvidia's stock price (NVDA) has soared about 3.4 times in 2023.
This is due to the rapid growth of the datacenter division, which develops semiconductors for artificial intelligence (AI) development.The momentum has continued into 2024.The closing price on the 13th ($721.28) was 45.65% higher compared to the end of 2023.Despite the fading expectations of a rate cut by the Federal Reserve (FRB), the stock market continues to hit new highs, led by major banks such as Goldman Sachs and Bank of America, who have raised their target stock prices bullishly, causing a wave of new optimism among investors.
According to moomoo, 42 analysts have released target stock prices for NVDA. The highest target stock price is $1,200 from Loop Capital Markets' analyst.The lowest target stock price is $560 from Deutsche Bank. The average target stock price is $741.94, and the current stock price as of 02/19/2024 is $726.13.
Earnings Preview: Nvidia announces earnings on the 22nd at 6 AM ET, Wall Street predicts a rise of over 65%.
The increase in order backlog indicates the expansion of future unrealized profits.
Remaining Performance Obligations (RPO) represents the size of NVDA's order backlog. RPO includes deferred revenue for future periods and the revenue that has not yet been recognized. It is a leading indicator of future revenue potential. After nearly 11 quarters (Q3 FY21 to Q1 FY24) with RPO levels stagnating in the $650 range, the growth of RPO has accelerated compared to the same period last year in the recent two quarters.
Source: Seekingalpha
Source: Seekingalpha
RPO, recognized beyond NTM, currently accounts for 58% of the total RPO, reaching $520 million. As can be seen from the movement of new RPO compared to the previous quarter, this long-term RPO is showing strong acceleration.
Source: Seekingalpha
Source: Seekingalpha
This suggests that Nvidia's customers are entering into longer-term contracts, which is considered a particularly positive sign. As a result, revenue stability and prospects are expected to be good until 2025. In fact, Jensen Huang, CEO, confidently stated and qualitatively confirmed the same during the Q3 2024 earnings call.
We are confident that the datacenter can continue to grow until 2025.
Despite the stock price reaching an all-time high, the valuation is close to its lowest point.
Source: Seekingalpha
Source: Seekingalpha
Nvidia's market capitalization is trading near its peak at $1.8 trillion. However, its1-year forward PE ratio is close to the lowest level of 5 years ago at 36.8 times.Given the bullish outlook for growth, this could be seen as an opportunity to buy.It has the potential to be a good buying opportunity.According to moomoo News Zeber, Sherry.
Source: Bloomberg, IG, seekingalpha, Benzinga, Investing, moomoo.
Source: Bloomberg, IG, seekingalpha, Benzinga, Investing, moomoo.
This article uses automatic translation in some parts.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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