NVIDIA Corporation to Release Q4 2023 Earnings on May 22, 2024
Analysts Predict Significant Growth, Anticipating a 47.4% Increase in EPS and 24.1% Revenue Increase
Company Reports 5.16 EPS in Previous Quarter
NVIDIA Corporation (NASDAQ: NVDA) is expected to release its financial results for the fourth quarter of 2023 on Tuesday, May 22, 2024, after the market closes. The company's previous quarterly earnings report, released on February 21st, 2024, showed an earnings per share (EPS) of 5.16, beating analyst estimates. NVIDIA's revenue for the quarter was 20.4 billion, also surpassing expectations.
Analysts are expecting strong earnings growth for the fourth quarter, with consensus estimates predicting an EPS of 5.22, representing a 47.4% increase year-over-year. Revenue is expected to reach 24.5 billion, a 24.1% increase compared to the same period last year. The company's strong performance is attributed to continued demand for its graphics processing units (GPUs) used in gaming, data centers, and artificial intelligence applications.
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