Nvidia has been a driver of momentum in the stock market this year as a key member of the 'Magnificent Seven' stocks - along with Apple ( AAPL), Alphabet ( GOOGL, GOOG), Microsoft ( MSFT), Amazon ( AMZN), Meta ( META), and Tesla ( TSLA). The firm remains positive on the stock, calling the valuation 'compelling' and noting seasonal trends remain favorable. 21,' Bank of America research analyst Vivek Arya wrote in a note previewing the earnings release. 'We expect NVDA to beat/raise consensus when it reports on Nov. Back in May, one analyst referred to the company's forecast as ' guidance for the ages.' In August, the stock hit an all-time high after Nvidia reported second quarter results that smashed Wall Street's expectations on both revenue and earnings per share, as well as guidance that exceeded lofty estimates.

Revenue guidance is where the company has surprised investors most in 2023. Investors will be focused on the company's revenue outlook, with Wall Street expecting fourth quarter guidance to come in at $17.8 billion. Gaming revenue: $2.7 billion expected versus $1.57 billion in Q3 last year Revenue: $16.1 billion expected versus $5.93 billion in Q3 last yearĪdjusted EPS: $3.36 expected versus $0.58 in Q3 last yearĭata center revenue: $12.82 billion expected versus $3.83 billion in Q3 last year Here's what Wall Street expects of Nvidia in the quarter, as compiled by Bloomberg, versus how it performed in the same quarter last year. Chip giant Nvidia ( NVDA) is set to report third quarter earnings after the bell on Tuesday, as AI once again becomes the story of the moment amid the ongoing OpenAI drama.

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