The earnings report of the week will be Nvidia’s (NVDA) report after the close on Wednesday, February 26.
For the fiscal quarter ending January 2025, the consensus EPS forecast is $0.79. The reported EPS for the same quarter last year was $0.49. Analysts expect NVIDIA’s earnings to grow 43.68% next year from $2.77 to $3.98 per share.
Nvidia posted fiscal third quarter 2025 earnings on November 20, 2024, reporting EPS of 81 cents, which topped analysts’ consensus estimates of 69 cents by 12 cents. Quarterly revenue rose 93.6% year-over-year to $35.08 billion. That was above analyst estimates of $33.15 billion.
I think there’s a good chance that Nvidia’s earnings will have only a minimal effect on the overall market–although results that beat consensus would be positive for tech stocks. Nvidia’s shares have seen weakness in 2025 with the price down 4.54% in the last month and up only 0.10% for 2025 through the close on Friday, February 21. The stock is down 8.54% for the last three months.
The result is that Nvidia isn’t quite the market bellwether that it was for most of 2024.
The one exception to that likely tepid market reaction would be comments that lowered guidance for calendar 2025 or that spoke of doubts at the company about the AI boom. Then we would get selling, I think. The AI theme is still a very important one for a market trading at all-time highs.
