United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Nvidia, Walmart Earnings Prep -- ICYMI

Video Credit: The Street - Duration: 03:20s - Published < > Embed
Nvidia, Walmart Earnings Prep -- ICYMI

Nvidia, Walmart Earnings Prep -- ICYMI

Be prepared -- earnings reports from two companies that have a combined $388 billion in market cap are being released soon.

Nvidia Nvidia reports earnings on Thursday May 16 after the closing bell.

Wall Street expects first-quarter adjusted earnings from the fast-growing chipmaker of 81 cents a share, down 61% from a year earlier, and revenue of $2.195 billion, a 31% year-over-year decline.

The key points investors should watch out for are data center demand and what some analysts think is an overstretched valuation, making upside to the stock limited after the earnings print.

Walmart Retail giant Walmart reports earnings on Thursday May 16 before the market opens.

Analysts are looking for adjusted earnings per share of $1.02 for the company's fiscal year 2020 first quarter, which would be a 10.4% year-over-year decline.

Analysts are looking for revenue of $124.94 billion, which would be a 1.8% increase over last year.

Several analysts see Walmart as a stock to buy ahead of the earnings print.

The stock is up 7% year-to-date, trailing the S&P 500's gain on the year of 13.54%.

Meanwhile, the company did announce on Tuesday that it will launch a free, next-day delivery service, called NextDay, for Walmart.com customers.

This will challenge e-commerce giant Amazon.com , which recently announced it was planning to roll out next-day delivery for Amazon Prime members.

On Tuesday, Walmart shares rose 0.66% to $100.79 apiece.

Potentially damaging to Walmart, however, is the fact that apparel, clothes and food-related goods may be subject to tariffs in a new proposed list of goods from the U.S. Trade Representative's office.


Analysts Optimistic Ahead of Walmart Earnings Nvidia and Amazon are holdings in Jim Cramer's Action Alerts PLUS member club.

Want to be alerted before Jim Cramer buys or sells those?

Learn more now.


You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.