NVIDIA Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component NVIDIA Corporation (NASDAQ:NVDA) will unveil its latest earnings on Thursday, August 11, 2011. NVIDIA Corporation 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 25 cents per share, a rise of 733.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting profit of $1.05 per share, a rise of 61.5% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 22 cents per share versus a mean estimate of profit of 19 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.01 billion in revenue this quarter, a rise of 24.5% from the year ago quarter. Analysts are forecasting total revenue of $4.09 billion for the year, a rise of 15.5% from last year’s revenue of $3.54 billion.

Analyst Ratings: Analysts seem relatively indifferent about NVIDIA with 15 of 28 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has fallen for the past three quarters. In first quarter, revenue declined 4% to $962 million while the figure fell 9.8% in fourth quarter of the last fiscal year from the year earlier 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 May 11, 2011 to August 5, 2011, the stock price had fallen $6.92 (-34.8%) from $19.87 to $12.95. 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 $2.45 (-15.9%) year to date.

(Source: Xignite Financials)

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