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Jesse Cohen: Nvidia expected to report sharp growth in Q1 earnings and revenue
Jesse Cohen, senior markets analyst at Investing.com, highlights key details ahead of Nvidia's scheduled earnings release.
Nvidia is expected to post Q1 earnings per share of $1.75, up 116 percent year over year, and Q1 revenue of $78.8 billion, reflecting a 79 percent increase year over year. The company will announce results at 4:30PM ET, followed by an earnings call at 5:00PM ET. Options markets are pricing an implied move of plus or minus 7 percent for NVDA shares.
Cohen recently previewed key U.S. economic data and corporate earnings scheduled for May 11-15, highlighting upcoming market drivers and geopolitical events in a prior report. In another update, he noted sharp gains among his recent stock picks, with Datadog up 42.4 percent and AMD climbing 26.2 percent as detailed in his coverage. These updates come as investors await Nvidia’s results.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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