There are 51 brokerages covering Nvidia stock. Of those, 44 have a Buy or Strong Buy rating. Six more have Hold ratings. At a share price of around $470.00, the implied gain based on a median price target of $500.00 is 6.4%. At the high target of $1,000.00, the upside potential is 112.8%. A little frothy, eh?
For Nvidia’s second quarter of fiscal 2024, analysts expect revenue of $11.07 billion, up 53.9% sequentially and by 65.2% year over year. Adjusted EPS are forecast to rise by 91.4% sequentially to $2.09, a jump of 309.8% year over year. For the full fiscal year ending next January, analysts estimate EPS of $8.18, up 145%, and revenue of $44.12 billion, up 63.6%.
Nvidia stock trades at 57.4 times expected 2024 EPS, 39.6 times estimated 2025 earnings of $11.86 and 29.3 times estimated 2026 EPS of $16.02 per share. The 52-week range is $108.13 to $480.88. Nvidia pays an annual dividend of $0.16 (yield of 0.03%). Total shareholder return for the past 12 months was 163.35%.
Petco
Pet food and supply retailer Petco Health and Wellness Co. Inc. (NASDAQ: WOOF) has dropped nearly 58% of its stock price over the past 12 months. Since reaching a 52-week high exactly one year ago, the stock is down almost 59%. The company reports results Thursday morning.
In the past two years, revenue has grown by a total of 9.1%, and EPS have declined from $0.25 in the second quarter of 2021 to $0.06 in this year’s April quarter. Free cash flow was negative in the April quarter and the net change in cash was negative $62.2 million, almost exactly the amount of Petco’s capital spending for the quarter.
Analysts are slightly bullish on the stock. Of 14 brokerages covering it, seven have a Buy or Strong Buy rating and 6 have Hold ratings. At a share price of $6.70, the upside potential based on a median price target of $10.00 is about 49.3%. At the high price target of $12.00, the upside potential is 79.1%.
For the company’s second quarter of fiscal 2024, analysts expect revenue of $1.52 billion, down 2.4% sequentially but 2.0% higher year over year. Adjusted EPS are forecast at $0.06, flat sequentially and down 68.4% year over year. For the full fiscal year ending in January, EPS are forecast to come in at $0.42, down 43.8%, on sales of $6.28 billion, up 4%.
Petco stock trades at 15.9 times expected 2024 EPS, 12.8 times estimated 2025 earnings of $0.52 and 9.4 times estimated 2026 earnings of $0.71 per share. The 52-week range is $6.58 to $16.24. Petco does not pay a dividend. Total shareholder return for the past year was negative 57.81%.
Originally published at 24/7 Wall St.
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