NVIDIA (NASDAQ: NVDA) 2nd Quarter FY24 Financial Results

NVIDIA (NASDAQ: NVDA) 2nd Quarter FY24 Financial Results - August 23rd, 2023 - Stocks & Stacks #14 #dowjones #meltup #bitcoin #xrp #xlm #ripple #crypto #commodities #gold #silver #oil #stocks #richtv #richtvlive #richtv #buy #education #investing #stocks #chat #analysis #stockmarket #rich #HOTSTOCKS #richtvlivepodcast #tsla #nflx #sec #xrp #xlm #goog #google #earnings #marketmeltup #amanda #Fed #interestrates #ai #bull #bear #show #copper #nickel #nvidia #nvda

NVDA Stock Earnings Forecast
Analysts expect Nvidia to report sizable growth in revenue and EPS. The consensus estimate for revenue is $11.1 billion, up from $6.7 billion in the year-ago quarter. That would translate to 65% year-over-year sales growth.

The consensus estimate for revenue is within the company’s second-quarter outlook reported in May. At that time, the company expected second-quarter revenues between $10.78 billion and $11.22 billion.

The consensus EPS estimate for the second quarter is $2.07, which would be a 305% increase over the second quarter 2023 EPS result of $0.51.

Note that the $0.51 result in last-year's quarter was something of a surprise—and not a good one. The consensus estimate for that quarter had been $1.25, but it fell to a mere $0.50. Two weeks before the official release, the company had warned Wall Street that revenue and EPS would fall short due to soft demand for gaming chips.

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