The Fear & Greed Index is a way to gauge stock market movements and whether stocks are fairly priced. To read this article on click here.What is the CNN Business Fear & Greed Index? NVIDIA Corporation (NVDA) : Free Stock Analysis Report Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. You can find more information on all of these metrics, and much more, on. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This group has a Zacks Industry Rank of 68, putting it in the top 27% of all 250+ industries. The Semiconductor - General industry is part of the Computer and Technology sector. Semiconductor - General stocks are, on average, holding a PEG ratio of 2.7 based on yesterday's closing prices. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. It is also worth noting that NVDA currently has a PEG ratio of 2.74. This valuation marks a premium compared to its industry's average Forward P/E of 21.66. NVDA currently has a Zacks Rank of #2 (Buy).ĭigging into valuation, NVDA currently has a Forward P/E ratio of 48.13.
Within the past 30 days, our consensus EPS projection has moved 24.6% higher. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These revisions typically reflect the latest short-term business trends, which can change frequently. It is also important to note the recent changes to analyst estimates for NVDA. For the full year, our Zacks Consensus Estimates are projecting earnings of $15.84 per share and revenue of $24.79 billion, which would represent changes of +58.4% and +48.66%, respectively, from the prior year.
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