Why Nvidia (NVDA) Could Beat Earnings Estimates Again

Core Viewpoint - Nvidia is well-positioned to continue its earnings-beat streak in the upcoming report, having consistently surpassed earnings estimates in recent quarters [1][5]. Earnings Performance - For the last reported quarter, Nvidia achieved earnings of $0.89 per share, exceeding the Zacks Consensus Estimate of$0.84 per share, resulting in a surprise of 5.95% [2]. - In the previous quarter, Nvidia was expected to post earnings of $0.75 per share but delivered$0.81 per share, achieving a surprise of 8% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Nvidia, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8]. - The current Earnings ESP for Nvidia is +3.87%, suggesting analysts are optimistic about its near-term earnings potential [8]. Zacks Rank and Success Rate - Nvidia holds a Zacks Rank of 3 (Hold), which, when combined with a positive Earnings ESP, indicates a high probability of beating earnings estimates, with a success rate of nearly 70% for stocks with this combination [6][8].