To follow NVDA in the coming trading sessions, be sure to utilize. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. This group has a Zacks Industry Rank of 55, putting it in the top 22% of all 250+ industries. The Semiconductor - General industry is part of the Computer and Technology sector. Semiconductor - General stocks are, on average, holding a PEG ratio of 2.73 based on yesterday's closing prices. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. We can also see that NVDA currently has a PEG ratio of 2.74. For comparison, its industry has an average Forward P/E of 23.36, which means NVDA is trading at a premium to the group. NVDA is currently sporting a Zacks Rank of #2 (Buy).ĭigging into valuation, NVDA currently has a Forward P/E ratio of 53.54. Within the past 30 days, our consensus EPS projection has moved 0.08% higher. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
We developed the Zacks Rank to capitalize on this phenomenon. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These revisions help to show the ever-changing nature of near-term business trends. Investors might also notice recent changes to analyst estimates for NVDA. These totals would mark changes of +68% and +54.79%, respectively, from last year. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.20 per share and revenue of $25.81 billion.
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