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Other Stocks With the Favorable Combination You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here.Ĭurrently, NVIDIA carries a Zacks Rank of 2 and has an Earnings ESP of +1.37%. Our proven model predicts an earnings beat for NVDA this time. However, disruptions in retail channel sales due to travel restrictions and social-distancing measures implemented by governments worldwide to contain the spread of COVID-19 might have partially offset the benefits of solid demand for the remote-working and online-learning hardware infrastructure. This growth mainly resulted from increased sales of notebook workstation graphics processing units (“GPUs”) and the ramp-up of Ampere architecture GPUs.Īutomotive and Professional Visualization trends are expected to have continued in the fourth quarter of fiscal 2022. Professional Visualization’s revenues jumped a whopping 144% year over year in the third quarter. The automotive segment’s revenues increased 8% year over year in the third quarter, primarily aided by the continued recovery in global automotive production volumes and the ramp-up of self-driving programs. A series of blockbuster AAA titles, which pledged support for NVIDIA RTX ray tracing technology, might have been a positive as well.įurthermore, the company’s Automotive and Professional Visualization divisions had shown an improvement in trends over the last three quarters.

NVIDIA’s growth opportunities in ray-traced gaming, rendering, high-performance computing and AI are likely to have been driving factors during the period in discussion.

An increase in Hyperscale demand and the growing adoption in the inference market are likely to have been tailwinds during the to-be-reported quarter. The continued strength in its data-center business on the growing adoption of cloud-based solutions amid the pandemic-induced work-from-home wave is expected to have boosted NVIDIA’s fourth-quarter revenues. NVIDIA Corporation price-eps-surprise | NVIDIA Corporation Quote Factors to Note Ahead of Q4 Results NVIDIA Corporation Price and EPS Surprise