Nvidia Q2 Earnings Tonight: Analyst Sees $97.8B Revenue and 55% Stock Upside
8 Articles
8 Articles
(Seoul = Yonhap News) Reporter Jung Joo-ho = As Nvidia announces its second-quarter (May-July) earnings on the 26th (local time), market attention is focused more on the conference call than the earnings...
Earnings Jitters? Nvidia Shares Fall Ahead Of Results As AI Trade Faces Key Test
Wall Street expects Nvidia to report a near-100% jump in quarterly revenue, with Bloomberg's analyst consensus projecting revenue at $92.3 billion, up 97% year-on-year from $46.7 billion.
Nvidia's revenue is expected to once again support a stunning result. However, strong growth is no guarantee in the market. The stock has fallen after the last four results.
Nvidia Q2 earnings tonight: analyst sees $97.8B revenue and 55% stock upside
Nvidia reports second-quarter results after the US market closes on Wednesday night with Wall Street expecting a record quarter. The harder test is whether the chipmaker can clear a bar that several bullish analysts have pushed well above consensus. FactSet expects revenue of about $92.3 billion and adjusted earnings of $2.09 a share. KeyBanc analyst John Vinh is aggressive, forecasting $97.8 billion of revenue and maintaining a $330 price targe…
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