NVIDIA Corporation (NASDAQ: NVDA) is set to post earnings right after the close today. First Call has estimates pegged at $0.38 EPS on $1.15 Billion in revenues. As far as next quarter, estimates are $0.37 EPS on $1.12 Billion in revenues. For fiscal Jan-2009, the company is expected to post $1.66 EPS on $4.76 Billion in revenues.
Since its last report, earnings estimates have come down from $0.41 EPS for this quarter, and analysts trimmed $0.03 off for next quarter as well. Estimates were taken down $0.10 for fiscal Jan-2009.
Analyst have an average target price of roughly $30.00. Interestingly enough, this was just raised Monday by Wedbush Morgan to a Buy rating and on Tuesday, American Technology Research reiterated its Buy rating.
Options are a bit harder to use today as the stock is right in between fairly wide strike prices, but it looks like options traders are braced for a move of $0.85 to $0.90 in either direction. The short interest data showed 17.75+ million shares short as of the last seen data.
The good news on its chart is that the stock has recovered sharply off of lows, even after a 2.5% drop to $21.45 today. Shares are well above the 50-day moving average of $19.86, and well under the 200-day moving average of $28.57. Its 52-week trading range is $17.31 to $39.67.
It is no secret that right now part of the woes are from Advanced Micro Devices (NYSE: AMD). AMD has been troubled in its processor business, but its ATI Graphics business is a bright sport currently as many believe ATI’s newer Radeon products are winning in sales.
Jon C. Ogg
May 8, 2008
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.