5.9k Share this

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!


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

5.9k Share this
You May Also Like

Kim Jong Un says he helped workers ‘rise like phoenix’ from Covid crisis by sharing medical supplies

North Korean leader Kim Jong Un has claimed he helped workers by…

Rudy Giuliani Possibly Given Immunity After 9-Hour January 6 Probe Interview

Former White House counsel John Dean, who was imprisoned for his role in…

Dreamtime AFL: Footy fans allegedly attacked with a didgeridoo outside Melbourne Cricket Ground

A young footy fan alleged bashed with a didgeridoo is ‘in a…

Deshaun Watson’s Accusers to Sit Down with HBO’s Real Sports

On Friday, HBO announced that several of NFL Quarterback Deshaun Watson’s accusers…

Chancellor ‘examines plans for a one-off hit’ on oil and gas firms’

Is Rishi lining up ‘Windfall Tax Lite’? Chancellor ‘examines plans for a…

Jared Dishes On Lab-Created Diamond Collection With Bridal Star Pnina Tornai, Retail Spaces, And Men’s Jewelry

Exterior shot of a typical Jared jewelry store. Photo Courtesy of Jared…

Trusts that have reigned longer than the Queen

Any investment that has generated wealth since before the Coronation must have…

The Cleveland Guardians Are More Interesting Than Good, But That Could Change

In his last two starts Cleveland Guardians pitcher Shane Bieber has a…