Estimates by analysts give the company expected earnings per share (EPS) of $1.25, with the EPS growth for the year raised at $5. With its Forward Dividend at 0.16 and a yield of 0.13%, the company’s investors could be anxious for the NVDA stock to gain ahead of the earnings release. NVIDIA Corporation has a market cap of $326.94 billion and is expected to release its quarterly earnings report on – Nov 21, 2022. Sign up here to get your free report now. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest. Have feedback on this article? Concerned about the content? Get in touch with us directly.While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock and does not take account of your objectives, or your financial situation. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. Simply Wall St analyst Richard Bowman and Simply Wall St have no position in any of the companies mentioned.
So you may wish to see this free collection of other companies that sit on P/E's below 20x and have grown earnings strongly.
Of course, you might also be able to find a better stock than NVIDIA. You can keep track of these estimates by referring back to our free analysis of Nvidia. We would suggest keeping an eye on these forecasts, particularly after the 3rd quarter results are released on 17th November. Nvidia will also need to make ongoing investments in the next few years to maintain its leadership position, and these will impact EPS regardless of revenue growth.Ĭlearly these forecasts may also rise, as they have done over the last year. On the other hand, upside may be limited if growth is well below the broader market in the next few years.
So, it’s likely that a share like this will always trade at a premium to other stocks. The company is also closely tied to making the metaverse a reality. Nvidia is a market leader and a key supplier to many, if not most, of the fastest growing industries in the world - including automation, visualization, virtual and augmented reality, artificial intelligence, and blockchain technology.
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