Nvidia Q4 Earnings Preview

NVIDIA NVDA announces its next round of earnings Thursday. Here's Benzinga's advanced look at Nvidia's Q4 earnings report.

Earnings and Revenue

Wall Street expects EPS of $1.16 and sales around $2.67 billion.

Nvidia reported a per-share profit of $1.13 when it published results during the same quarter last year. Sales in that period totaled $2 billion. If the company were to report inline earnings when it publishes results Thursday, sales would be up 22.87 percent from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Q4 EPS Estimate: $1.16
Q4 Revenues Estimate: $2 billion

Stock Performance

As of Feb. 7, Nvidia's share price was $228.80. Over the last 52-week period, shares are up 92.29 percent. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The most common rating by analysts on Nvidia stock is a Neutral. The strength of this rating has maintained conviction over the past three months.

Conference Call

Nvidia's Q4 conference call is scheduled to begin at 5:00 p.m. ET and can be accessed here: https://financial.thomsonreuters.com/en/products/tools-applications/trading-investment-tools/eikon-trading-software.html