Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. This industry currently has a Zacks Industry Rank of 240, which puts it in the bottom 5% of all 250+ industries. The Semiconductor - General industry is part of the Computer and Technology sector. The Semiconductor - General was holding an average PEG ratio of 1.86 at yesterday's closing price. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account.
Meanwhile, NVDA's PEG ratio is currently 3.08. This represents a premium compared to its industry's average Forward P/E of 9.35. Investors should also note Nvidia's current valuation metrics, including its Forward P/E ratio of 37.78. Nvidia is currently sporting a Zacks Rank of #5 (Strong Sell). Over the past month, the Zacks Consensus EPS estimate has moved 2.1% higher. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Our research shows that these estimate changes are directly correlated with near-term stock prices. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Recent revisions tend to reflect the latest near-term business trends. It is also important to note the recent changes to analyst estimates for Nvidia.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.50 per share and revenue of $27.46 billion, which would represent changes of -21.17% and +2.03%, respectively, from the prior year.
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