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Nvda stock earnings report
Nvda stock earnings report







nvda stock earnings report

© Google FinanceĮlaborating further, Nvidia pointed to things like “lower sell-in of gaming products” and a reduction in channel partner sales “likely due to macroeconomic headwinds” among the factors contributing to the latest dip in revenue. At that time, we’ll be able to dig even deeper into where Nvidia is at for Q2, and what the outlook is moving forward.Īccording to Nvidia, the miss in hitting its $8.1 billion target primarily reflects weaker-than-forecast gaming revenue, which fell 44 percent sequentially and 33 percent from 2021 as reported by outlets like CNBC. The news of Nvidia failing to hit its target comes a few weeks ahead of when the company plans to share its Q2 earnings report on August 24. Cited reasons for lowering its revenue guidance include the war in Ukraine and lockdowns in China as a result of the COVID pandemic. Something to note with Nvidia’s previous $8.1 billion outlook is that this had already been lowered past Wall Street estimates and includes an estimated reduction of approximately $500 million. To read this article on click here.If you’ve been following along with the financial reports for NVIDIA (NVDA) you may be interested, and potentially dismayed, to hear the company released an early look at Q2 earnings data which indicates a noticeable revenue dip with revenue set at $6.7 billion, far below its original outlook of $8.1 billion.

nvda stock earnings report

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nvda stock earnings report

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Ĭlearly, recent earnings estimate revisions suggest that good things are ahead for NVIDIA, and that a beat might be in the cards for the upcoming report. Given that NVDA has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here). A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market.









Nvda stock earnings report