NVIDIA First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component NVIDIA Corporation (NASDAQ:NVDA) will unveil its latest earnings on Friday, May 11, 2012. 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 analyst estimate is for profit of 10 cents per share, a decline of 54.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 18 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 10 cents during the last month. Analysts are projecting profit to rise by 29.6% compared to last year’s 69 cents.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting net income of 21 cents per share against a mean estimate of profit of 19 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $915.7 million in revenue this quarter, a decline of 4.8% from the year-ago quarter. Analysts are forecasting total revenue of $4.11 billion for the year, a rise of 2.8% from last year’s revenue of $4 billion.

Analyst Ratings: Analysts seem relatively indifferent about NVIDIA with 16 of 29 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 32.4% to $116 million (18 cents a share) from $171.7 million (29 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 7.5% to $953.2 million from $886.4 million.

Stock Price Performance: Between February 9, 2012 and May 7, 2012, the stock price fell $3.83 (-23.5%), from $16.30 to $12.47. The stock price saw one of its best stretches over the last year between March 22, 2012 and March 30, 2012, when shares rose for seven straight days, increasing 6.6% (+96 cents) 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, dropping 15.2% (-$3.04) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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