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Earnings Preview: NVIDIA Likely To Report Lower Quarterly Earnings

Benzinga Real-time News ·  Feb 22, 2023 04:54  · Previews

$NVIDIA (NVDA.US)$ is scheduled to release its financial results for the latest quarter after the closing bell on Feb. 22, 2023.

Analysts expect the company to post quarterly earnings at $0.81 per share, down from $1.32 per share in the year-ago period. The company is likely to report revenue of $6.01 billion for the quarter.

NVIDIA shares fell 3.4% to close at $206.55 on Tuesday and lost 0.8% in today's pre-market trading session.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Oppenheimer analyst Patrick Scholes maintained an Outperform rating and raised the price target from $225 to $250 on Feb. 21, 2023. This analyst sees around 21% upside in the company's stock and has an accuracy rate of 68%.

  • Morgan Stanley analyst Joseph Moore maintained an Equal-Weight rating on Feb. 21, 2023, and increased the price target from $175 to $246. This analyst sees around 19% upside in the company's stock and has an accuracy rate of 67%.

  • Stifel analyst Ruben Roy maintained a Hold rating and raised the price target from $175 to $207 on Feb. 21, 2023. This analyst sees around 0.2% upside in the company's stock and has an accuracy rate of 84%.

  • BMO Capital analyst Ambrish Srivastava maintained an Outperform rating on Feb. 21, 2023, and raised the price target from $210 to $240. This analyst sees over 16% upside in the company's stock and has an accuracy rate of 82%.

  • Keybanc analyst John Vinh maintained an Overweight rating and boosted the price target from $220 to $280 on Feb. 17, 2023. This analyst sees around 35% upside in the company's stock and has an accuracy rate of 71%.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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