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$NVDA less expensive now than after its earnings report
New to Commonstock so hello everyone. @simpleinvest01 on Twitter and posted this on there earlier.
Nvidia $NVDA is actually less expensive now after its earnings report.
Even after the 25% pop after its print.
Here's why:
- 18% EPS beat in April quarter
- 90% implied EPS beat in July quarter
- Sell-side analyst EPS gone up +80%
- FY24 P/E down from 73x to 51x
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I get what your saying, but at the same time much higher expectation are now baked in the price so it's more of a perspective.
Brilliant twist of perspective— most people would assume that Nvidia got more expensive after such a huge jump. But since expected earnings went up by more than the share price, the price-to-earnings ratio actually went down. Great point.
@nathanworden Although like Rihard said, its important to note that the earnings are an expectation, so there's still some uncertainty there.
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