This suggests that analysts have very recently bumped up their estimates for NVDA, giving the stock a Zacks Earnings ESP of +1.06% heading into earnings season.NVIDIA Corporation Price and EPS Surprise NVIDIA Corporation price-eps-surprise | NVIDIA Corporation QuoteWhy is this Important?A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. After all, analysts raising estimates right before earnings - with the most up-to-date information possible - is a pretty good indicator of some favorable trends underneath the surface for NVDA in this report.In fact, the Most Accurate Estimate for the current quarter is currently at $1.12 per share for NVDA, compared to a broader Zacks Consensus Estimate of $1.11 per share. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because NVIDIA is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. Investors are always looking for stocks that are poised to beat at earnings season and NVIDIA NVDA may be one such company.
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