This represents a premium compared to its industry's average Forward P/E of 23.42. Nvidia is holding a Zacks Rank of #4 (Sell) right now.ĭigging into valuation, Nvidia currently has a Forward P/E ratio of 52.54. Over the past month, the Zacks Consensus EPS estimate has moved 1.04% lower.

It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). 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. Our research shows that these estimate changes are directly correlated with near-term stock prices. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. These revisions help to show the ever-changing nature of near-term business trends. Investors might also notice recent changes to analyst estimates for Nvidia. Our most recent consensus estimate is calling for quarterly revenue of $6.01 billion, down 21.31% from the year-ago period. The company is expected to report EPS of $0.81, down 38.64% from the prior-year quarter. Nvidia will be looking to display strength as it nears its next earnings release, which is expected to be February 22, 2023.

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