• $NVDA is set to report its Q3 earnings on November 20th.
• The market anticipates a significant movement in stock price post-earnings, historically around 9.8%.
• Earnings Expectations: For Q3, analysts expect NVIDIA to report earnings per share (EPS) of $0.74 on revenues of $32.87 billion, with a substantial portion, $28.51 billion, coming from data center sales.
• Future Guidance: For Q4, expectations are set for an EPS of $0.82 on $36.78 billion in revenue. Looking ahead to fiscal year 2025, the consensus is for an EPS of $2.85 on revenues of $125.62 billion, with data center sales projected at nearly $110 billion.
• Analyst Ratings: According to Refinitiv, NVIDIA enjoys a favorable outlook with most brokers rating it a 'Buy' or 'Strong Buy', with a median price target significantly above its recent closing price of $147.01.
• Market Position: NVIDIA holds a prominent position in major indices, being the second-largest component in the S&P 500 and the largest in the Nasdaq-100 by weight.
• Analyst Commentary: Morgan Stanley has adjusted its projections for NVIDIA, expecting strong growth in the latter half of 2025 driven by the Blackwell cycle, despite near-term supply constraints. However, they anticipate lower margins initially due to these supply issues but remain optimistic about NVIDIA's long-term growth, considering it their top stock pick.
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