Nvidia Second Quarter Results Expected to Soar: Analysts Predict 10% Increase in Sales
Nvidia is set to reveal its second-quarter fiscal 2025 results after today’s market close, and analysts are anticipating another impressive performance. According to a FactSet poll, quarterly sales are projected to reach $28.7 billion, marking a 10% growth from the previous quarter and a remarkable 113% surge from the same period last year.
Earnings per share are also expected to rise to 65 cents, up from 61 cents in the previous quarter and 27 cents a year ago. The company’s stock has already seen a staggering 159% increase this year, reaching $128.30 on Tuesday.
Despite the stock’s impressive run, 92% of analysts rate Nvidia as a “buy” or equivalent, with only 13 stocks in the S&P 500 receiving such high favorable ratings. However, the consensus price target for Nvidia stands at $142.63, suggesting a modest 11% upside potential over the next 12 months.
In summary, Nvidia’s upcoming earnings report is highly anticipated, with analysts bullish on the stock’s future performance. Investors should keep an eye on how the market reacts to the company’s financial results and the implications it may have on their investment decisions.