NVIDIA Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component NVIDIA Corporation (NASDAQ:NVDA) will unveil its latest earnings on Thursday, November 10, 2011. NVIDIA provides visual computing technologies that generate interactive graphics for computers, mobile devices, and gaming consoles.

NVIDIA Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 26 cents per share, a rise of 73.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 27 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 26 cents during the last month. Analysts are projecting profit to rise by 52.3% versus last year to 99 cents.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of 26 cents a share versus the estimate of net income of 25 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 25.6% in revenue from the year-earlier quarter to $1.06 billion.

Analyst Ratings: Analysts seem relatively indifferent about NVIDIA with 16 of 28 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company swung to a profit of $151.6 million (25 cents a share) from a loss of $141 million (25 cents) a year earlier, beating analyst estimates. Revenue rose 25.3% to $1.02 billion from $811.2 million.

Key Stats:

A year-over-year revenue increase in the second quarter snapped a streak of three consecutive quarters of revenue declines. Revenue fell 4% in the first quarter, 9.8% in the fourth quarter of the last fiscal year and 6.6% in the third quarter of the last fiscal year.

Competitors to Watch: Advanced Micro Devices, Inc. (NYSE:AMD), Intel Corporation (NASDAQ:INTC), Texas Instruments Inc. (NYSE:TXN), Broadcom Corporation (NASDAQ:BRCM), QUALCOMM, Inc. (NASDAQ:QCOM), Microsoft Corporation (NASDAQ:MSFT), Silicon Image, Inc. (NASDAQ:SIMG), Pixelworks, Inc. (NASDAQ:PXLW), Marvell Tech. Group Ltd. (NASDAQ:MRVL), and ARM Holdings plc (NASDAQ:ARMH).

Stock Price Performance: During August 11, 2011 to November 4, 2011, the stock price had risen $1.41 (10.5%) from $13.41 to $14.82. The stock price saw one of its best stretches over the last year between May 4, 2011 and May 12, 2011 when shares rose for seven-straight days, rising 9.9% (+$1.85) over that span. It saw one of its worst periods between May 31, 2011 and June 13, 2011 when shares fell for 10-straight days, falling 15.2% (-$3.04) over that span. Shares are down 58 cents (-3.8%) year to date.

(Source: Xignite Financials)

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