Previously NVDA hasnt done so well with earnings and I wouldn't suspect with the higher than previous this quarter be much difference. Estimated at 2.57 is substantially higher than Q2 at nearly 25% higher and they missed target last quarter by almost 50% this seems to be a setup for failure in my mind.
The trend has been steady for last 2 weeks. Currently sitting at the .618 (530.32) retracement from the recent high to low swing. I have an alert set at 533.25 for a move to the upside and expecting a push a little higher on an earnings run after which I believe it should drop, hopefully respecting the lower trend line on this upward run but I am apprehensive up a continued upward move after earnings. A play in my opinion would be a quick scalp Monday or Tuesday for same week expiration. I know many people are speculating this stock to go back to the $600 and I am sure it will get there at some point however I dont seem them beating earnings with such a high mark given past performance.
Keep an eye out on this as it does move well, RSI is fairly low, speculation is high, price is not a bargain currently but still some money to be made with options given careful planning. I will be watching closely for a upward move and will be scalping only. After earnings some direction should be determined for a setup in either direction.
Information pulled from Yahoo finance.
Earnings Estimate Current Qtr. (Oct 2020) Next Qtr. (Jan 2021) Current Year (2021) Next Year (2022)
No. of Analysts 31 30 35 35
Avg. Estimate 2.56 2.54 9.11 11.1
Low Estimate 2.5 2.22 8.7 9.42
High Estimate 2.68 2.95 9.5 13.23
Year Ago EPS 1.78 1.89 5.79 9.11
Revenue Estimate Current Qtr. (Oct 2020) Next Qtr. (Jan 2021) Current Year (2021) Next Year (2022)
No. of Analysts 31 30 36 36
Avg. Estimate 4.41B 4.41B 15.79B 18.76B
Low Estimate 4.35B 4.11B 15.4B 16.52B
High Estimate 4.48B 4.75B 16.12B 20.82B
Year Ago Sales 3.01B 3.1B 10.92B 15.79B
Sales Growth (year/est) 46.40% 42.10% 44.60% 18.80%
Earnings History 10/30/2019 1/30/2020 4/29/2020 7/30/2020
EPS Est. 1.57 1.67 1.69 1.97
EPS Actual 1.78 1.89 1.8 2.18
Difference 0.21 0.22 0.11 0.21
Surprise % 13.40% 13.20% 6.50% 10.70%
EPS Trend Current Qtr. (Oct 2020) Next Qtr. (Jan 2021) Current Year (2021) Next Year (2022)
Current Estimate 2.56 2.54 9.11 11.1
7 Days Ago 2.56 2.54 9.1 11.09
30 Days Ago 2.56 2.54 9.1 11.09
60 Days Ago 2.56 2.53 9.09 11.05
90 Days Ago 2.18 2.15 8.15 9.95
EPS Revisions Current Qtr. (Oct 2020) Next Qtr. (Jan 2021) Current Year (2021) Next Year (2022)
Up Last 7 Days 1 1 1 1
Up Last 30 Days 1 1 1 1
Down Last 7 Days N/A N/A N/A N/A
Down Last 30 Days N/A N/A N/A N/A
Growth Estimates NVDA Industry Sector(s) S&P 500
Current Qtr. 43.80% N/A N/A N/A
Next Qtr. 34.40% N/A N/A N/A
Current Year 57.30% N/A N/A N/A
Next Year 21.80% N/A N/A N/A
Next 5 Years (per annum) 17.44% N/A N/A N/A
Past 5 Years (per annum) 52.83% N/A N/A N/A
The trend has been steady for last 2 weeks. Currently sitting at the .618 (530.32) retracement from the recent high to low swing. I have an alert set at 533.25 for a move to the upside and expecting a push a little higher on an earnings run after which I believe it should drop, hopefully respecting the lower trend line on this upward run but I am apprehensive up a continued upward move after earnings. A play in my opinion would be a quick scalp Monday or Tuesday for same week expiration. I know many people are speculating this stock to go back to the $600 and I am sure it will get there at some point however I dont seem them beating earnings with such a high mark given past performance.
Keep an eye out on this as it does move well, RSI is fairly low, speculation is high, price is not a bargain currently but still some money to be made with options given careful planning. I will be watching closely for a upward move and will be scalping only. After earnings some direction should be determined for a setup in either direction.
Information pulled from Yahoo finance.
Earnings Estimate Current Qtr. (Oct 2020) Next Qtr. (Jan 2021) Current Year (2021) Next Year (2022)
No. of Analysts 31 30 35 35
Avg. Estimate 2.56 2.54 9.11 11.1
Low Estimate 2.5 2.22 8.7 9.42
High Estimate 2.68 2.95 9.5 13.23
Year Ago EPS 1.78 1.89 5.79 9.11
Revenue Estimate Current Qtr. (Oct 2020) Next Qtr. (Jan 2021) Current Year (2021) Next Year (2022)
No. of Analysts 31 30 36 36
Avg. Estimate 4.41B 4.41B 15.79B 18.76B
Low Estimate 4.35B 4.11B 15.4B 16.52B
High Estimate 4.48B 4.75B 16.12B 20.82B
Year Ago Sales 3.01B 3.1B 10.92B 15.79B
Sales Growth (year/est) 46.40% 42.10% 44.60% 18.80%
Earnings History 10/30/2019 1/30/2020 4/29/2020 7/30/2020
EPS Est. 1.57 1.67 1.69 1.97
EPS Actual 1.78 1.89 1.8 2.18
Difference 0.21 0.22 0.11 0.21
Surprise % 13.40% 13.20% 6.50% 10.70%
EPS Trend Current Qtr. (Oct 2020) Next Qtr. (Jan 2021) Current Year (2021) Next Year (2022)
Current Estimate 2.56 2.54 9.11 11.1
7 Days Ago 2.56 2.54 9.1 11.09
30 Days Ago 2.56 2.54 9.1 11.09
60 Days Ago 2.56 2.53 9.09 11.05
90 Days Ago 2.18 2.15 8.15 9.95
EPS Revisions Current Qtr. (Oct 2020) Next Qtr. (Jan 2021) Current Year (2021) Next Year (2022)
Up Last 7 Days 1 1 1 1
Up Last 30 Days 1 1 1 1
Down Last 7 Days N/A N/A N/A N/A
Down Last 30 Days N/A N/A N/A N/A
Growth Estimates NVDA Industry Sector(s) S&P 500
Current Qtr. 43.80% N/A N/A N/A
Next Qtr. 34.40% N/A N/A N/A
Current Year 57.30% N/A N/A N/A
Next Year 21.80% N/A N/A N/A
Next 5 Years (per annum) 17.44% N/A N/A N/A
Past 5 Years (per annum) 52.83% N/A N/A N/A
NVIDIA Corp. (NVDA) is confirmed to report earnings at approximately 4:20 PM ET on Wednesday, November 18, 2020. The consensus earnings estimate is $2.56 per share on revenue of $4.42 billion and the Earnings Whisper ® number is $2.70 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat The company's guidance was for earnings of $2.41 to $2.70 per share. Consensus estimates are for year-over-year earnings growth of 42.22% with revenue increasing by 46.65%. Short interest has increased by 6.9% since the company's last earnings release while the stock has drifted higher by 11.0% from its open following the earnings release to be 36.9% above its 200 day moving average of $388.46. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, November 9, 2020 there was some notable buying of 4,324 contracts of the $700.00 call expiring on Friday, December 18, 2020. Option traders are pricing in a 7.8% move on earnings and the stock has averaged a 3.7% move in recent quarters.