Insights Into Nvidia (NVDA) Q3: Wall Street Projections for Key Metrics

Analysts on Wall Street project that Nvidia (NVDA) will announce quarterly earnings of $1.24 per share in its forthcoming report, representing an increase of 53.1% year over year. Revenues are projected to reach $54.59 billion, increasing 55.6% from the same quarter last year.Over the last 30 days, there has been an upward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.Bearing this in mind, let's now explore the average estimates of specific Nvidia metrics that are commonly monitored and projected by Wall Street analysts.Analysts forecast 'Revenue- Data Center' to reach $48.94 billion. The estimate indicates a change of +59.1% from the prior-year quarter.The collective assessment of analysts points to an estimated 'Revenue- Professional Visualization' of $629.02 million. The estimate points to a change of +29.4% from the year-ago quarter.It is projected by analysts that the 'Revenue- Automotive' will reach $616.36 million. The estimate points to a change of +37.3% from the year-ago quarter.The average prediction of analysts places 'Revenue- OEM and Other' at $156.94 million. The estimate suggests a change of +61.8% year over year.Analysts predict that the 'Revenue- Gaming' will reach $4.57 billion. The estimate suggests a change of +39.5% year over year. View all Key Company Metrics for Nvidia here>>> Over the past month, shares of Nvidia have returned +2.8% versus the Zacks S&P 500 composite's +1.4% change. Currently, NVDA carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant 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