NVIDIA Corp (NVDA)

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$5.40 Billion in Sales Expected for NVIDIA Co. (NVDA) This Quarter
By: MarketBeat | May 5, 2021

Wall Street brokerages expect NVIDIA Co. (NASDAQ:NVDA) to post sales of $5.40 billion for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for NVIDIA's earnings. The lowest sales estimate is $5.30 billion and the highest is $5.60 billion. NVIDIA posted sales of $3.08 billion in the same quarter last year, which would indicate a positive year over year growth rate of 75.3%. The firm is expected to announce its next quarterly earnings results after the market closes on Wednesday, May 26th.

On average, analysts expect that NVIDIA will report full-year sales of $22.49 billion for the current year, with estimates ranging from $20.62 billion to $23.33 billion. For the next fiscal year, analysts forecast that the firm will report sales of $25.20 billion, with estimates ranging from $23.52 billion to $27.58 billion. Zacks' sales averages are an average based on a survey of research analysts that that provide coverage for NVIDIA.

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