Major earnings releases for the week starting May 20 highlighted by Nvidia.
globalreutersMay 17, 20241 Mins read It isn’t over for the earnings calendar next week as arguably, the most important earnings announcement scheduled for Wednesday, May 22 when Nvidia announces its earnings after the close.
A summary of the major releases:
Monday, May 20
- Zoom
- Palo Alto Networks
- Trip.com
Tuesday May 21
- Lowes
- Toll Brothers
- Urban Outfitters
- Autozone
- Macy’s
Wednesday, May 22
- Target
- Analog Devices
- Snowflake
- Nvidia
- TJX
Thursday, May 23
- Ralph Lauren
- Intuit
- BJs
- Ross
- Workday
By far, Nvidia will be the market mover.
Nvidia shares are up 88% in 2024. That sounds like a lot, but EPS are expected to come in at $5.58 which is up from $1.09 during the same quarter in 2023. That is a gain of 411%. Revenues for Nvidia are expected at $24.556B vs $7.19B in 2023. That is an increase of 241%.
The stock price a year ago was at $305. With the current price at $933, that represents a rise of 205%.
This article was written by Greg Michalowski at www.forexlive.com.
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This article was written by Greg Michalowski at www.forexlive.com.
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