Nvidia Earnings Forecast

Reuters

NVIDIA Earnings: A Growth Surge Expected

Substantial Earnings Growth Forecast

Earnings per Share to Soar in 2024

NVIDIA Corporation is gearing up for an extraordinary fiscal year, with industry experts predicting a remarkable 1417% growth in earnings per share (EPS) to $2627 in 2024, a significant increase from the previous year's $2301.

Analysts anticipate a robust performance for the fiscal quarter, with EPS rising by 474% to $522 and revenue reaching $245 billion, a 241% surge. These projections surpass NVIDIA's own forecast of mid-teens growth for the July outlook.

NVIDIA's financial report for the fourth quarter and fiscal 2024 is scheduled to be released on May 22, 2024, after market close. The report is expected to provide detailed insights into the company's recent performance and future outlook, particularly in the burgeoning field of artificial intelligence.

The semiconductor giant is poised to capitalize on the growing demand for AI-powered products and services, with its cutting-edge graphics processing units (GPUs) serving as the backbone of these technologies. As industries embrace AI for automation, data analysis, and other advanced applications, NVIDIA is well-positioned to maintain its leadership in the AI hardware market.

Bloomberg