For its second quarter of fiscal 2023, Nvidia’s revenue is forecast at $6.7 billion, which would be down 19.2% sequentially but 2.9% higher year over year. Adjusted EPS are forecast at $0.50, down 63.4% sequentially and by 51.9% year over year. For the full fiscal year ending in January, analysts are looking for EPS of $3.72, down 16.2%, on sales of $29.24 billion, up 8.6%.
Nvidia stock trades at 45.8 times expected 2023 EPS, 31.3 times estimated 2024 earnings of $5.44 and 26.3 times estimated 2025 earnings of $6.47 per share. The stock’s 52-week trading range is $140.55 to $346.47. The company pays an annual dividend of $0.16 (yield of 0.09%). Total shareholder return for the past year was negative 18.1%.
Salesforce
Shares of enterprise software maker Salesforce Inc. (NYSE: CRM) have struggled over the past 12 months, particularly since early November. The stock has lost about 31% of its value in the past year and 43% of its value since early November.
Earlier this month, the company made some changes in its management team, but its major headwind is the weak economic outlook. Profit expectations have been pulled in, but revenue is expected to be up.
Of 50 analysts covering the stock, 44 have a Buy or Strong Buy rating. Another five rate the shares at Hold. At a share price of around $177.00, the upside potential based on a median price target of $240.00 is 35.6%. At the high price target of $385, the upside potential is 117.5%.
The consensus revenue estimate for the second quarter of fiscal 2023 is $7.7 billion, up 3.9% sequentially and by 21.5% year over year. Adjusted EPS are forecast at $1.03, up 4.9% sequentially but down 30.4% year over year. For the full fiscal year ending in January, current estimates call for EPS of $4.75, down 0.6%, on sales of $31.73 billion, up 19.8%.
Salesforce stock trades at 37.3 times expected 2023 EPS, 30.4 times estimated 2024 earnings of $5.82 and 25.7 times estimated 2025 earnings of $6.88 per share. The stock’s 52-week range is $154.55 to $311.75. The company does not pay a dividend. Total shareholder return for the past year was negative 30.9%.
Snowflake
Over the past 12 months, cloud-based data platform provider Snowflake Inc. (NYSE: SNOW) has seen its share price plunge by more than 43%. The stock hit an all-time high in mid-November and has dropped nearly 62% since.
Snowflake’s top-line growth over the past three fiscal years has been 174%, 124% and 106%. In the first quarter of this year, Snowflake’s revenue grew by 85% year over year, and management has said it expects product revenue to grow by around 74% year over year in the second quarter. If the company does not hammer that estimate, the shares could take another beating.
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