NVIDIA Corporation (NVDA) : Free Stock Analysis Report Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. To follow NVDA in the coming trading sessions, be sure to utilize. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This industry currently has a Zacks Industry Rank of 30, which puts it in the top 12% of all 250+ industries. The Semiconductor - General industry is part of the Computer and Technology sector. The Semiconductor - General industry currently had an average PEG ratio of 2.07 as of yesterday's close. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate.

Meanwhile, NVDA's PEG ratio is currently 2.09. This valuation marks a premium compared to its industry's average Forward P/E of 12.53. Investors should also note Nvidia's current valuation metrics, including its Forward P/E ratio of 35.22. These totals would mark changes of +24.77% and +28.42%, respectively, from last year. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.54 per share and revenue of $34.56 billion. Meanwhile, our latest consensus estimate is calling for revenue of $8.11 billion, up 43.29% from the prior-year quarter. On that day, Nvidia is projected to report earnings of $1.29 per share, which would represent year-over-year growth of 40.22%. Nvidia will be looking to display strength as it nears its next earnings release. This has lagged the Computer and Technology sector's loss of 11.12% and the S&P 500's loss of 5.26% in that time.

Prior to today's trading, shares of the maker of graphics chips for gaming and artificial intelligence had lost 29.53% over the past month. At the same time, the Dow added 0.7%, and the tech-heavy Nasdaq lost 0.1%. This move outpaced the S&P 500's daily gain of 0.57%. In the latest trading session, Nvidia (NVDA) closed at $199.02, marking a +1.98% move from the previous day.

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