The deal with Mellanox, the leading maker of high-performance networking products, was announced in March 2019. NVIDIA has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Thursday, November 12th, 2020 based off prior year's report dates. However, these estimates don't include contributions from the Mellanox or Cumulus acquisitions. On Wednesday, the shares were up 1.3% to $271.36, fractionally below the 52-week high. We already know that "the acquisition is expected to be immediately accretive to NVIDIA's non-GAAP gross margin, non-GAAP EPS and free cash flow," as per the recent press release. Nvidia Start Your Risk-Free Trial Subscription Here, Tesla (NASDAQ: TSLA) Is Setting Up For A Major Breakout, IBM (NYSE:IBM) Stock a Buy: Changing Strategy to Focus on Cloud Business, Buy International Paper (NYSE:IP) 4.75% Yield, But Wait For A Pullback, The Semiconductor Sector Is On Break-Out Alert, Jabil Circuit (NYSE: JBL) Stock is a Backdoor Recovery Play, Expect More Turbulence Ahead for Delta Air Lines Stock, 5 Reasons Why Winnebago (NYSE: WGO) Will Be 2021 Winner, Spire Inc. (NYSE: SR) Stock Implosion Presents Near-Term Buying Opportunity. https://www.barrons.com/articles/nvidia-reports-earnings-thursday-heres-what-to-expect-51581531105. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter. After a 77% run for the stock last year and further gains this year, Seymore wrote, “we believe much of this goodness is already priced in the shares.”. The company doesn’t provide earnings forecasts, but the Street consensus for profits stands at $1.67 a share. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn about financial terms, types of investments, trading strategies and more. As a result, it’s worth keeping an eye on any comments Nvidia makes about the coronavirus outbreak’s impact on its sales within the country. Fundamental company data provided by Morningstar and Zacks Investment Research. See what's happening in the market right now with MarketBeat's real-time news feed. Nvidia's revenue fell 17% on an annualized basis in the quarter, which ended on July 28, according to a statement.. Nvidia's biggest segment, gaming, produced $1.31 billion in … Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The analyst wrote that he remains impressed with the company’s ability to address an array of rapidly growing sectors, including artificial intelligence, datacenters, gaming, and autonomous driving. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Nvidia’s - Get Report stock is up over 30% since the company’s November earnings report, and has doubled from its June 2019 lows. Management is also sure to touch upon NVIDIA's recent announcement of another acquisition to strengthen its data center platform's offerings. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. I’ll be live-blogging Nvidia’s report, along with an earnings call that starts at 5:30 P.M. Eastern Time. Receive a free world-class investing education from MarketBeat. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. View our full suite of financial calendars and market data tables, all for free. View which stocks are hot on social media with MarketBeat's trending stocks report. Do Not Sell My Information. Seymore says the PC and gaming sectors might be a little better than previous expectations and that “datacenter should be an area of strength.”. For context, in the fourth quarter of last fiscal year, revenue jumped 41% year over year to $3.11 billion and adjusted EPS soared 136% to $1.89. Nvidia closed its $7.13 billion acquisition of Mellanox in the quarter, the largest deal in Nvidia's 27-year history. China is a major end-market for both Nvidia’s gaming and server GPUs. Nvidia has guided for a January quarter GM of 64% to 65%, up from a year-ago level of 62.1%. For the seasonally weaker April quarter -- Nvidia shares quarterly sales guidance in its reports -- the revenue consensus stands at $2.85 billion (up 28%). NVIDIA (NASDAQ:NVDA) is slated to report its first-quarter results for fiscal 2021 after the market close on Thursday, May 21. It's possible the pandemic provided a boost to the company's gaming platform. So its reaction to NVIDIA's release will probably hinge more on the company's second-quarter outlook than its first-quarter results, relative to Wall Street's expectations. A slew of tech companies, including Apple (AAPL) - Get Report and Qualcomm (QCOM) - Get Report, have adjusted their quarterly sales guidance ranges to take the outbreak into account. Management will probably provide some guidance on Mellanox's expected contribution to NVIDIA's top and bottom lines in the second quarter. Earlier this month, the company announced plans to acquire network software company Cumulus Networks for an undisclosed sum. However, investors can expect that NVIDIA's results in its enterprise-focused businesses were negatively affected in the latter part of the quarter by the widespread temporary shutdowns of non-essential businesses around the world resulting from the coronavirus pandemic. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. But he cautioned in a report Wednesday that guidance for the first quarter is harder to predict, “and depends on management’s level of conservatism around the coronavirus.” Rolland raised his target on the stock to $310 from $285.
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