![]() The reverse stock split, authorized share reduction and par value reduction were approved by GE shareholders at the annual meeting of shareholders on May 4, 2021. To read this article on click here.BOSTON - JGE (NYSE:GE) announced today that it has completed the previously announced reverse stock split of GE common stock at a ratio of 1-for-8, with a proportionate reduction in the authorized shares of its common stock, and reduction in the par value of common stock to $0.01 per share. NVDA SPLIT ANNOUNCEMENT FREENVIDIA Corporation (NVDA) : Free Stock Analysis Report NVDA SPLIT ANNOUNCEMENT DOWNLOADWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. NVDA SPLIT ANNOUNCEMENT PLUSIn terms of the Zacks Industry Rank, Semiconductor - General is currently in the top 23% of the 250 plus Zacks industries. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. The current consensus EPS estimate is $1.04 on $6.53 billion in revenues for the coming quarter and $3.96 on $24.99 billion in revenues for the current fiscal year. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. So, the shares are expected to perform in line with the market in the near future. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Nvidia was mixed. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Nvidia has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Nvidia shares have added about 49.1% since the beginning of the year versus the S&P 500's gain of 18.4%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates four times over the last four quarters. This compares to year-ago revenues of $3.87 billion. ![]() Nvidia, which belongs to the Zacks Semiconductor - General industry, posted revenues of $6.51 billion for the quarter ended July 2021, surpassing the Zacks Consensus Estimate by 2.57%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. ![]() A quarter ago, it was expected that this maker of graphics chips for gaming and artificial intelligence would post earnings of $0.82 per share when it actually produced earnings of $0.92, delivering a surprise of 12.20%. This quarterly report represents an earnings surprise of 2.97%. These figures are adjusted for non-recurring items. This compares to earnings of $0.55 per share a year ago. Nvidia (NVDA) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1.01 per share. ![]()
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