![]() ![]() It is also worth noting that NVDA currently has a PEG ratio of 2.61. For comparison, its industry has an average Forward P/E of 12.83, which means Nvidia is trading at a premium to the group. Looking at its valuation, Nvidia is holding a Forward P/E ratio of 43.94. Nvidia currently has a Zacks Rank of #2 (Buy). Within the past 30 days, our consensus EPS projection remained stagnant. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. ![]() To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. 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. These results would represent year-over-year changes of +25% and +28.78%, respectively.Īny recent changes to analyst estimates for Nvidia should also be noted by investors. NVDA's full-year Zacks Consensus Estimates are calling for earnings of $5.55 per share and revenue of $34.66 billion.
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