Trading Strategies For Nvidia Stock Before And After Q4 Earnings

Benzinga ·  Feb 22 03:48

NVIDIA Corporation(NASDAQ:NVDA) was declining about 3% on Wednesday ahead of the company's fourth-quarter earnings print, set to be released after the market closes.

When Nvidia printed a third-quarter earnings beat on Nov. 21, the stock closed down 2.46% the following day and subsequently entered a slight downtrend until bottoming out at the $450.10 mark on Dec. 4, where the stock began to surge into a steep uptrend.

For that quarter, Nvidia reported earnings per share of $4.02 on revenues of $18.12 billion, exceeding a consensus estimate of EPS of $3.36 on revenues of $16.12 billion.

For the fourth quarter, analysts, on average, estimate Nvidia...

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