Nvidia: Analysts Anticipate $5.8 Billion In Q3 Revenues
Nvidia Corp (NASDAQ: NVDA) will be reporting their fiscal third quarter financial results May 26th after market close. Analysts have a consensus $669.16 12-month price target on the company, via a total of 41 analysts, with ten analysts having strong buy ratings, 24 analysts having buy ratings, six have hold ratings and one analyst has a sell rating. The street high comes is a $800 price target from Needham, and the lowest target sits at $380 from BNP Paribas.
29 analysts have revenue estimates for the third quarter. The mean revenue estimate between all 29 analysts is $5.8 billion; this number has been revised upwards from $5.27 billion at the start of the year. The highest revenue estimate is $6.243 billion, while the lowest is $5 billion.
The analyst consensus for net income for the third quarter is $2.227 billion, this is up from the start of the year at $2 billion. The highest net income estimate is $2.489 billion, while the lowest is $1.833 billion.
Onto EBITDA estimates, there are currently only 5 analysts who have third quarter EBITDA estimates. The mean is currently $2.771 billion, with this number having been revised higher from $2.458 billion at the start of the year. The street high estimate currently sits at $2.898 billion in EBITDA and the lowest is $2.526 billion.
Analysts estimate that quarterly earnings per share will come in at $3.53, with this number being higher from the $3.15 estimate at the start of the year. The street high is $3.95 and the lowest estimate is $2.90 per share for the quarter.
Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
