Nvidia Falls 2.31% to $219.82 Ahead of August 26 Earnings

2 articles · Updated · Yahoo Finance · Aug 18

$219.82 was Nvidia’s closing price Tuesday, down 2.31% and trailing the S&P 500’s 0.69% decline as the Nasdaq fell 1.33%.
August 26 is the next catalyst, with analysts expecting quarterly EPS of $2.09 and revenue of $91.71 billion—up 99.05% and 96.2% from a year earlier.
The stock still entered the session with a 10.69% gain over the past month, beating the technology sector’s 5.97% rise and the S&P 500’s 3.96% advance.
Analyst sentiment has edged higher, with the consensus EPS estimate up 0.02% in 30 days and Nvidia carrying a Zacks Rank #2 Buy.
Valuation remains relatively restrained for the chipmaker: Nvidia trades at 24.76 times forward earnings versus its industry’s 41.12, with a 0.42 PEG ratio against 0.77 for peers.