This industry currently has a Zacks Industry Rank of 240, which puts it in the bottom 5% of all 250+ industries. The Semiconductor - General industry is part of the Computer and Technology sector. The Semiconductor - General was holding an average PEG ratio of 1.86 at yesterday's closing price.
The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Meanwhile, NVDA's PEG ratio is currently 3.08. This represents a premium compared to its industry's average Forward P/E of 9.35. Investors should also note Nvidia's current valuation metrics, including its Forward P/E ratio of 37.78. Nvidia is currently sporting a Zacks Rank of #5 (Strong Sell). Over the past month, the Zacks Consensus EPS estimate has moved 2.1% higher. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Our research shows that these estimate changes are directly correlated with near-term stock prices. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Recent revisions tend to reflect the latest near-term business trends.
It is also important to note the recent changes to analyst estimates for Nvidia. For the full year, our Zacks Consensus Estimates are projecting earnings of $3.50 per share and revenue of $27.46 billion, which would represent changes of -21.17% and +2.03%, respectively, from the prior year.
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