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

Core Viewpoint - Analysts project Nvidia will report quarterly earnings of $1.24 per share, a 53.1% increase year over year, with revenues expected to reach $54.59 billion, reflecting a 55.6% increase from the same quarter last year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate for Nvidia has been revised upward by 0.4%, indicating analysts' reassessment of their initial forecasts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Revenue Projections - Analysts forecast 'Revenue- Data Center' to reach $48.94 billion, indicating a 59.1% increase from the prior-year quarter [4]. - The estimated 'Revenue- Professional Visualization' is projected at $629.02 million, reflecting a 29.4% increase year over year [5]. - 'Revenue- Automotive' is expected to reach $616.36 million, marking a 37.3% increase from the year-ago quarter [5]. - The average prediction for 'Revenue- OEM and Other' stands at $156.94 million, suggesting a 61.8% year-over-year change [5]. - Analysts predict 'Revenue- Gaming' will reach $4.57 billion, indicating a 39.5% increase year over year [6]. Stock Performance - Over the past month, Nvidia shares have returned +2.8%, outperforming the Zacks S&P 500 composite's +1.4% change [6]. - Currently, Nvidia holds a Zacks Rank 2 (Buy), suggesting potential outperformance in the near future [6].