Nvidia enjoys record revenue, up 55pc from a year before
NVIDIA Corporation (NASDAQ:NVDA) posted earnings of $0.83/Share in the previous quarter, as compared to earnings of $0.57/share estimated by analysts. Shareholders of record on Friday, February 24th will be paid a dividend of 0.14 per share by the computer hardware maker on Friday, March 17th.
On 05/12/2016, Analysts were suspecting EPS of $0.32/share where NVIDIA Corporation (NASDAQ:NVDA) reported its Actual EPS of $0.33. Swedbank bought a new stake in shares of NVIDIA Corporation during the third quarter valued at approximately $103,681,000.
"We had a great finish to a record year, with continued strong growth across all our businesses", says CEO Jen-Hsun Huang, "our GPU computing platform is enjoying rapid adoption in artificial intelligence, cloud computing, gaming, and autonomous vehicles". That 28.4% margin was up sharply from 19.5% in the year-ago quarter.
According to consensus agreement of 21 analysts NVIDIA Corporation (NASDAQ:NVDA) will report earnings per share of $0.83 in their quarterly report and it is expected to announce the company's results on 2/9/17 After Market Close. For the current quarter the company has highest EPS estimates of $0.91 and low forecast is $0.79. The company also provided upbeat outlook for the first by projecting $1.90 billion plus or minus two percent revenue.
Analysts had expected revenue of $135.3 million from the business, according to research firm FactSet StreetAccount. They issued a "buy" rating and a $90.00 target price on the stock.
Shares of NVIDIA Corporation (NASDAQ:NVDA) traded up 2.09% during trading on Friday, hitting $116.77. During the fourth quarter the company launched Pandora Plus and Premium services to stave off threats from Amazon and Apple but also regain market share from Spotify. This Computer and Technology Sector stock now has the Market Capitalization of 62.81 Billion. The stock appeared -1.91% below its 52-week highs and is up 6.12% for the last five trades.
The simple 20 day moving average for NVIDIA Corporation is 14.33% and the simple 200-day moving average is at 71.21%. Given that its average daily volume over the 30 days has been 18.17 million shares a day, this signifies a pretty significant change over the norm.
NVIDIA Corporation's short ratio is now at 2.03 and the float short is at 7.29%. The company's Relative strength index is 69.37. The average analysts gave this company a mean recommendation of 2.30. Year to Date performance value (YTD perf) value is 11.12%. The stock soared 17.58 percent over the last 6 months.
Analysts are speculating a 10.84% move, based on the high target price ($129) for the shares that is set to reach in the next 12 months.
Nvidia stock fell 2 percent in after-hours trading, but increased a bit later. ICICI Bank Ltd. (NYSE:IBN) has a Return on Assets of 0 percent, Return on Equity of 0 percent, while Return on Investment of 4.5 percent.
The question was whether that was worth a valuation of more than $60 billion - about 7.5 times revenue and a whopping 60 times earnings. The management's guidance implies a 48% YoY growth at the higher end and 46% growth at its midpoint.
Nvidia has said that it is expecting revenues of $1.9 billion, plus or minus 2 per cent, for the next quarter, and gross margins between 59.5 per cent and 59.7 per cent.
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