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 1.82.

This valuation marks a premium compared to its industry's average Forward P/E of 9.94. Nvidia is holding a Zacks Rank of #3 (Hold) right now.ĭigging into valuation, Nvidia currently has a Forward P/E ratio of 29.92. Over the past month, the Zacks Consensus EPS estimate has moved 3.55% lower. 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. 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 recent revisions tend to reflect the evolving nature of short-term business trends. Investors might also notice recent changes to analyst estimates for Nvidia. These totals would mark changes of +23.2% and +26.09%, respectively, from last year. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.47 per share and revenue of $33.94 billion. Our most recent consensus estimate is calling for quarterly revenue of $8.12 billion, up 24.84% from the year-ago period. This would mark year-over-year growth of 22.12%. In that report, analysts expect Nvidia to post earnings of $1.27 per share. Wall Street will be looking for positivity from Nvidia as it approaches its next earnings report date. Heading into today, shares of the maker of graphics chips for gaming and artificial intelligence had lost 3.62% over the past month, lagging the Computer and Technology sector's loss of 2.82% and the S&P 500's loss of 3.49% in that time. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.23%. This change lagged the S&P 500's 0.95% gain on the day. In the latest trading session, Nvidia (NVDA) closed at $162.25, marking a -0.83% move from the previous day.

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