NVIDIA is slated to release Q2 results tonight with a conference call which will begin around 5 p.m. ET.
The current Capital IQ Consensus Estimate calls for Q2 EPS of $1.02 (vs $2.18 a year ago) on sales growth of +63.8% to $6.34 bln.
NVDA may guide for the upcoming quarter. Q3 EPS expectations are at $1.04 on sales +38% yr/yr to $6.53 bln.
Crypto-related business is likely to be a factor in performance this quarter as well.
NVDA's GPUs are used in crypto mining rigs. In the last few months as supply chain issues have caused longer delivery times and increased after-market pricing the market over. Look for potential commentary on crypto mining on the call.
TECHS:
NVDA has a $487 bln market cap, trades at roughly 48.3x forward earnings ests, a decent premium to peers Micron (MU at 6.7x), Broadcom (AVGO at 16.5x), Intel (INTC at 12.7x), and Qualcomm (QCOM at 16.1x).
If you liked this content please click the ❤️ below and/or share this post.
SHAMLESS PLUGS
CLICK HERE TO CHECK OUT MY 2021 PREVIEW OPINION PACKET. OVER 80 PAGES OF CONTENT AND INFORMATION AVAILABLE HERE.
TOTALLY FREE Trading Packet!
Click here to get my packet that shows you how I traded $600 into $100K FOR FREE.
This packet will explain to you in depth how I trade and how I manage my risk.
I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.
Check out the latest episodes on my YouTube above and SoundCloud channel below.