Earnings for the week starting 19 Feb 2024 - Can Nvidia lead the S&P500 charge?

Earnings Calendar (19 Feb 2024)

This week has several earnings of interest. Without a doubt, many eyes will be upon the earnings of Nvidia. Other earnings of interest will include that of Walmart, Home Depot, Rivian, Moderna, Block and HSBC.

Recent performance of Nvidia

Nvidia has seen a stellar surge in its value from a year ago. The 52-week range is between 204.21 to 746.11. It is one of the biggest companies in the world with a market cap of $1.794T. With a TTM PE ratio of 96.18, is this too expensive or is this reasonable?

Observations:

  • There is a strong revenue growth over the last few years thanks to its products, a key hardware enabler for AI.

  • Net income for TTM has reached $18.88B, compared to $4.368B from a year ago.

  • Basic EPS has risen from 1.76 to 7.65

  • It seems to have a commanding lead in innovation leadership.

For the coming earnings, the forecast for Nvidia’s EPS and revenue are 4.54 and 20.19B respectively. Can Nvidia lead the charge of the S&P500 to a new record high? There are quite several folks who seem to think so.

@TigerStars

$NVIDIA Corp(NVDA)$

$Wal-Mart(WMT)$

$HSBC Holdings PLC(HSBC)$

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  • YoungYun
    ·02-17
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    👏 Incredible insights! #Nvidia4S&P500 📈
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    • KYHBKO
      thank you. all the best
      02-18
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