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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. Stock Movement: NVDA 1shares have dropped 18. Historical EPS performance shows that in the past 12 quarters, the company has topped EPS estimates 32 times (88), met twice (5) and missed twice (5). 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). The company produced an earnings surprise of 6.32 in the last quarter, with actual earnings of 1.01 per share. provided by Trading Economics, earnings report dates provided by Factset, market data is at least 10-minutes delayed and hosted by Barchart Solutions. A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. The average surprise for the last two quarters was 4.19.For the last reported quarter, Nvidia came out with earnings of 1.17 per share versus the Zacks Consensus Estimate of 1.11 per share. Earnings estimates for NVDA from thousands of professional and amateur analysts who contribute to a open, crowdsourced estimate data set.
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