Nvda earnings call
To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Target ( TGT (opens in new tab), $260.75) stock is up 17% since its early October lows near $223 – and is now within a chip-shot of its mid-August record peak above $267.Your Request Originates from an Undeclared Automated Tool Earnings are expected to rise 6.0% year-over-year to $3.37 per share. As such, Leon is projecting revenue of $34.4 billion for Home Depot's third quarter – down from the $41.1 billion it reported in the second quarter.Īnalysts' consensus estimate for Q3 revenue is slightly higher at $34.7 billion – a 3.6% improvement over its year-ago results. "Supply-chain challenges remain a worry," he says. "We expect momentum to remain favorable across the third quarter and to be driven by all product categories posting solid gains – including pronounced strength in same-SKU (stock keeping unit) inflation, more big ticket items including appliances and vinyl plank flooring, and other installation services," he adds.ĬFRA Research analyst Kenneth Leon, meanwhile, recently downgraded HD stock to Hold from Buy. 17 – and that the retailer's "significant investments" into its supply chain and digital capabilities have it well-positioned to build market share. He also thinks the opportunity for an upward earnings revision cycle is stronger for Home Depot compared to sector peer Lowe's ( LOW (opens in new tab)) – which will unveil its third-quarter earnings report the morning of Nov. Raymond James analyst Bobby Griffin is one of those that has an Outperform (Buy) rating on Home Depot, saying he believes valuation levels will remain firm in the near term. This is compared to 10 that have it at Hold and one that deems it a Strong Sell. Of the 33 following the blue chip that are tracked by S&P Global Market Intelligence, 15 believe it's a Strong Buy and seven say Buy. Among them is home improvement retailer Home Depot ( HD (opens in new tab), $371.12), which will unveil its third-quarter results ahead of Tuesday's open.ġ3 Best Infrastructure Stocks for America's Big Building SpendĪnalysts, for the most part, are optimistic toward HD stock. Wall Street will get a clearer look at consumers' spending behavior in the third quarter, with several retailers set to report earnings. Home Depot Headlines Busy Stretch of Retail Earnings Analysts, on average, are guiding for slightly higher earnings of $1.11 per share – up 52.1% year-over-year (YoY) – on $6.8 billion in sales. As for the company's upcoming earnings report, Bryson believes "the combination of unprecedented demand for both data center and client offerings will allow NVDA to again exceed expectations when they report numbers."īryson is anticipating earnings per share (EPS) of $1.10 and revenues of $6.8 billion. He remains "very bullish" on the semiconductor stock in both the near and long term. Instead, the downgrade was more a result of valuation concerns following the stock's race up the charts. True, he recently downgraded the stock to Neutral from Outperform – the equivalents of Hold and Buy, respectively – but said that while he would typically "want to tie a rating change to some sort of negative catalyst frankly there is none." The optimism is shared by Wedbush analyst Matt Bryson.