Semiconductor giant NVIDIA Corp (NASDAQ:NVDA) reports fourth-quarter financial results on Wednesday after market close, a key event that could move sectors, stock market indexes and the overall stock market given the size and importance of the company.
Here are the earnings estimates and recent analyst commentary ahead of the quarterly financial results.
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Nvidia Q4 Earnings Estimates
Analysts expect Nvidia to report fourth-quarter revenue of $65.64 billion, up from $39.33 in last year’s fourth quarter, according to data from Benzinga Pro.
The company has beaten analyst estimates for revenue in 13 straight quarters.
Analysts expect Nvidia to report fourth-quarter earnings per share of $1.50, up from 89 cents per share in last year’s fourth quarter.
The company has beaten analyst estimates for earnings per share in 12 straight quarters.
Guidance from the company calls for revenue to be in a range of $63.70 billion to $66.30 billion.
Nvidia Analyst Ratings and Price Targets
Analysts remain bullish on Nvidia heading into quarterly results. Data from Benzinga shows a price target range of $195 to $352 from more than 30 analysts with a consensus Buy rating and consensus price target of $261.54.
Here are some of the most recent analyst notes and ratings on Nvidia:
KeyBanc analyst John Vinh reiterated an Overweight rating on Nvidia with a price target of $275.
DA Davidson analyst Gil Luria maintained a Buy rating with a price target of $250.
Wedbush analyst …