Nvidia Earnings: What to Watch
09 5월 2017 - 9:29PM
Dow Jones News
By Ted Greenwald
After the market closes Tuesday, Nvidia Corp. is scheduled to
announce earnings for the first quarter that ended in April. Here's
what to look for:
EARNINGS FORECAST: Analysts expect Nvidia to report unadjusted
earnings per share of 67 cents, according to a survey by Thomson
Reuters, up 103% from the year-earlier quarter. For the full year,
they expect it to earn $2.85 per share, up nearly 11% from the
previous year.
REVENUE FORECAST: Analysts expect total revenue of $1.9 billion
for the quarter, up 46% from the same quarter a year earlier. For
the full year, they expect revenue of $8.0 billion, a 16% rise from
the previous year.
WHAT TO WATCH:
Data Center: Nvidia has been riding high on increasing adoption
of its graphics processing units among the big cloud computing
providers. Large-scale cloud operations have been beefing up their
offerings in machine learning, where Nvidia's hardware excels.
International Business Machines Corp. and Tencent Holdings Ltd.
recently added Nvidia GPUs to their cloud offerings, following
similar build-outs by other major cloud providers. Analyst Matt
Ramsay of Canaccord Genuity Group Inc. in a recent report modeled a
112% rise in data center revenue for the quarter year on year; he
foresaw 60% growth for the full year, slowing to 15% the following
year.
Automotive: The automotive market is a longer-term bet for
Nvidia, but the payoff could be huge as cars evolve into rolling
data centers and ultimately become capable of driving themselves.
The company has partnerships with a number of car makers including
Audi AG, the Mercedes-Benz division of Daimler AG and Tesla Inc.
Craig Ellis of B. Riley & Co. LLC estimates that Nvidia's
automotive artificial-intelligence customer engagements are up by a
factor of 10, year on year. Investors will be looking for evidence
that the momentum continues to build amid rising competition.
Gaming: The quarter after the winter season's holiday upgrade
cycle traditionally is weak for sales of gaming-oriented graphics
cards, where Nvidia gets most of its revenue. After the company's
stellar growth in high-end gaming in the previous fiscal year, many
investors don't expect to see sequential growth, according to Mitch
Steves and Amit Daryanani of RBC Capital Markets LLC. The lower
expectations should mitigate some of the risk to gaming sales in
the quarter, they said.
(END) Dow Jones Newswires
May 09, 2017 08:14 ET (12:14 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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