Seeking Clues to Nvidia (NVDA) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics

In its upcoming report, Nvidia (NVDA) is predicted by Wall Street analysts to post quarterly earnings of $0.85 per share, reflecting an increase of 39.3% compared to the same period last year. Revenues are forecasted to be $42.64 billion, representing a year-over-year increase of 63.7%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.In light of this perspective, let's dive into the average estimates of certain Nvidia metrics that are commonly tracked and forecasted by Wall Street analysts.Analysts forecast 'Revenue- OEM and Other' to reach $118.18 million. The estimate indicates a year-over-year change of +51.5%.The collective assessment of analysts points to an estimated 'Revenue- Automotive' of $580.85 million. The estimate indicates a year-over-year change of +76.6%.It is projected by analysts that the 'Revenue- Professional Visualization' will reach $508.09 million. The estimate points to a change of +19% from the year-ago quarter.Based on the collective assessment of analysts, 'Revenue- Data Center' should arrive at $38.48 billion. The estimate indicates a change of +70.5% from the prior-year quarter.Analysts expect 'Revenue- Gaming' to come in at $2.80 billion. The estimate indicates a change of +5.9% from the prior-year quarter.View all Key Company Metrics for Nvidia here>>>Shares of Nvidia have demonstrated returns of +24.8% over the past month compared to the Zacks S&P 500 composite's +10.7% change. With a Zacks Rank #3 (Hold), NVDA is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.0% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks