Investors should also note that NVDA has a PEG ratio of 2.71 right now. For comparison, its industry has an average Forward P/E of 8.84, which means Nvidia is trading at a premium to the group. Valuation is also important, so investors should note that Nvidia has a Forward P/E ratio of 33.26 right now. Nvidia is holding a Zacks Rank of #3 (Hold) right now. Over the past month, the Zacks Consensus EPS estimate has moved 1.18% higher. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon.

As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These revisions typically reflect the latest short-term business trends, which can change frequently. It is also important to note the recent changes to analyst estimates for Nvidia.

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