Fiscal Q2 2023 covers the May-through-July 2022 period. Wall Street's Fiscal Q2 2023 Consensus Estimateĭata sources: Nvidia and Yahoo! Finance. Here's what to watch in the company's Q2 report. Long-term investors should focus on how well Nvidia seems to be setting itself up for long-term growth. The current global environment is characterized by high inflation, slowing economic growth, and supply chain bottlenecks stemming mainly from the pandemic. Management was likely being more conservative than usual given the challenging macroeconomic environment. However, Nvidia's second-quarter guidance for both the top and bottom lines came in lower than analysts had been expecting. That marked at least the eighth consecutive quarter that the company has topped analysts' earnings projection. On the positive side, last quarter, investors drove the stock up 5.2% after the company beat Wall Street's consensus estimates for both revenue and earnings. Investors will probably be approaching the technology giant's report with cautious optimism.

An analyst conference call is scheduled for the same day at 5 p.m. This article was generated by Benzinga's automated content engine and reviewed by an editor.Nvidia ( NVDA -6.13%) is slated to report its second-quarter results for fiscal 2023 (the May to July 2022 period) after the market closes on Wednesday, Aug. To track all earnings releases for NVIDIA visit their earnings calendar on our site. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. Over the last 52-week period, shares are down 23.11%. Shares of NVIDIA were trading at $170.34 as of August 22. Here's a look at NVIDIA's past performance and the resulting price change:

Last quarter the company beat EPS by $0.07, which was followed by a 5.16% increase in the share price the next day. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). NVIDIA bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. Here's what investors need to know before the announcement.Īnalysts estimate that NVIDIA will report an earnings per share (EPS) of $1.25. NVIDIA NASDAQ:NVDA is set to give its latest quarterly earnings report on Wednesday.

Nvda earnings report 2022