Get ready get set for Nvidia's earningsIn the lead-up to its earnings report on Thursday morning AEDT, Nvidia's stock pulled back 1.29% to $140.15 overnight. Expectations are high, and the market will go into the announcement positioned long, looking for a fifth consecutive quarterly earnings beat.
If Nvidia's results beat expectations, its shares could climb above $150 in the sessions ahead. Conversely, disappointment could prompt a swift downturn toward the critical support level at $130.00.
CEO Jensen Huang's commentary on the call will be particularly important regarding expectations around the Blackwell launch, supply, and Hopper shipments.
Given Nvidia's significant impact, its performance will undoubtedly drive sentiment in the tech sector and the broader market into year-end.
For the record, there is a range of expectations out there.
- Eikon has an EPS of $0.72 and Revenues of $32.1 billion expected which seems on the low side.
- A large US broker is forecasting EPS of $0.79c and Revenues of $38.8 billion.
- Earnings Whisper has EPS of $0.78c and Revenues of $32.81 billion.