In a similar fashion, the firm’s 2021 EPS is projected to soar 36% above our current year estimate to easily surpass 2019’s figure. NVDA’s full-year earnings are projected to fall 20.6%. Nvidia’s adjusted Q2 earnings are projected to fall 40.7% to hit $1.15 per share, with Q3’s EPS figure expected to slip by 18.5%. The firm’s longer-term sales growth could help to offset what does appear to be another few quarters of both top and bottom-line downturns. Peeking further ahead, Nvidia’s fiscal 2021 revenue is expected to climb nearly 22% above our current year estimate to reach $13.23 billion. This would help push full-year fiscal 2020’s revenues down 7.15% from 2019’s $11.72 billion to $10.88 billion-which was up 21% from 2018. And this does appear to be the case even though the firm’s Q3 sales are expected to slip 8%. Investors might be pleased to see that this would mark a noticeably slower downturn than the trailing two periods and help to showcase that a return to growth might not be too far off. Moving on, NVDA’s Q2 revenue is projected to fall 18.5% to $2.55 billion, based on our current Zacks Consensus Estimates.
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