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Nvidia Corp. NVDA is scheduled to report earnings after Wednesday’s close. The stock just hit a record high of $208.75/share in 2021 and is currently trading near $193/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:

Earnings Preview:

The company is expected to report earnings of $1.01/share on $6.31 billion in revenue. Meanwhile, the so-called Whisper number is a gain of $1.07/share. The Whisper number is the Street’s unofficial view on earnings.

A Closer Look At The Fundamentals:

Growth investors like the fact that the company has managed to grow both its earnings and sales by double digits in each of the past four quarters. In fact, earnings vaulted triple digits in the quarter ending in April compared to the same period last year. That is very impressive for a large company!

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A Closer Look At The Technicals:

Technically, the stock is acting very well and is one of the strongest liquid leaders right now. It is very rare to see a stock this large sport such strong earnings and sales growth in each of the past four quarters. That is very attractive for growth investors. The bulls want to see the stock gap up tomorrow after earnings are announced.

Pay Attention To How The Stock Reacts To The News:

From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.

Source: Forbes

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