Nvidia (NVDA) ended the recent trading session at $202.20, demonstrating a -1.19% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.51%. Elsewhere, the Dow gained 0.41%, while the tech-heavy Nasdaq lost 1.07%.
The maker of graphics chips for gaming and artificial intelligence's shares have seen a decrease of 12.53% over the last month, not keeping up with the Computer and Technology sector's loss of 9.88% and the S&P 500's loss of 0.87%.
Market participants will be closely following the financial results of Nvidia in its upcoming release. The company plans to announce its earnings on November 17, 2026. The company's upcoming EPS is projected at $2.49, signifying a 91.54% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $108.99 billion, indicating a 91.19% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.3 per share and a revenue of $407.51 billion, representing changes of +94.97% and +88.72%, respectively, from the prior year.
Any recent changes to analyst estimates for Nvidia should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.56% rise in the Zacks Consensus EPS estimate. Nvidia currently has a Zacks Rank of #2 (Buy).
Looking at valuation, Nvidia is presently trading at a Forward P/E ratio of 22.01. For comparison, its industry has an average Forward P/E of 27.92, which means Nvidia is trading at a discount to the group.
We can additionally observe that NVDA currently boasts a PEG ratio of 1.57. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. NVDA's industry had an average PEG ratio of 1.57 as of yesterday's close.
The Semiconductor - General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 25, putting it in the top 11% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).