Unlocking Q2 Potential of Nvidia (NVDA): Exploring Wall Street Estimates for Key Metrics

Core Insights - Analysts project Nvidia (NVDA) will report quarterly earnings of $1.00 per share, a 47.1% increase year over year, with revenues expected to reach $46.03 billion, reflecting a 53.2% increase from the same quarter last year [1] Earnings Estimates - Over the last 30 days, the consensus EPS estimate for the quarter has been revised upward by 0.6%, indicating a collective reassessment by covering analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock price performance [3] Key Revenue Projections - Analysts estimate 'Revenue- OEM and Other' at $110.64 million, a year-over-year change of +25.7% [5] - 'Revenue- Automotive' is projected to reach $573.33 million, indicating a +65.7% change from the previous year [5] - 'Revenue- Data Center' is forecasted at $40.97 billion, reflecting a +56% year-over-year change [5] - 'Revenue- Professional Visualization' is expected to be $524.97 million, showing a +15.6% change year over year [6] - 'Revenue- Gaming' is estimated to arrive at $3.84 billion, indicating a +33.2% year-over-year change [6] Market Performance - Over the past month, Nvidia shares have returned +0.7%, compared to the Zacks S&P 500 composite's +1.1% change, with NVDA currently holding a Zacks Rank 3 (Hold), suggesting performance may align with the overall market in the near future [6]