NVIDIA Corporation is set to release its first quarter financial results after the markets close on Wednesday. Analysts are expecting the company to report first-quarter revenue of $24.60 billion, with earnings per share estimated at $5.58. Nvidia has a history of surpassing analysts’ revenue and earnings estimates in recent quarters.
Nvidia’s guidance for first-quarter revenue is $24 billion, with potential volatility expected due to Blackwell’s transition. Despite potential challenges, analysts like Bank of America’s Vivek Arya and Stifel’s Ruben Roy anticipate strong results and outlook from Nvidia. Arya believes Nvidia could meet or exceed bullish expectations, although the stock reaction may vary. Roy highlights the strong demand for existing Nvidia products and the potential for significant year-over-year growth in the data center segment.
Rosenblatt analyst Hans Mosesmann also expects a positive outcome from Nvidia’s earnings report. Mosesmann anticipates slower growth compared to the previous quarter due to tight supply but remains optimistic about Nvidia’s market share and the success of Blackwell.
Several analysts have raised their price targets for Nvidia, with Barclays, Susquehanna, and Baird among those giving positive ratings. Nvidia stock is currently trading at $947.80, with a 52-week trading range of $298.06 to $974.00. The stock has shown significant growth, up 91% year to date in 2024 and over 210% in the last year.
In summary, Nvidia is poised to announce strong first-quarter financial results, with analysts expecting revenue and earnings per share to surpass previous quarters. Despite potential volatility, analysts remain bullish on Nvidia’s future prospects and anticipate continued growth in the data center segment. The company’s stock has shown exceptional performance in recent years, with several analysts raising their price targets in anticipation of further growth. Investors will be closely watching Nvidia’s earnings report to gain insights into the company’s performance and future projections.
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https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38928987/nvidia-q1-earnings-preview-analysts-anticipate-strong-results-top-ai-stock-best-sec
