AHS with Earnings ESP of +2.44% and a Zacks Rank #1 (Strong Buy)īoyd Gaming Corporation BYD with Earnings ESP of +7.14% and a Zacks Rank #2 (Buy)Įcolab Inc. Here are some other companies you may want to consider as our model shows that they have the right combination of elements to post an earnings beat this quarter:ĪMN Healthcare Services Inc. Moreover, it is noteworthy that NVIDIA has surpassed the Zacks Consensus Estimate in the last three out of the four quarters with an average positive surprise of 53.2%. We believe that NVIDIA’s GRID enterprise virtual graphics, which improve the visual effects of games, will help in future revenue and margin growth. It is worth mentioning that NVIDIA’s focus on GRID platforms can increase GPU adoption in data centers, giving it an advantage against its competitors. We also believe that higher adoption of NVIDIA’s Tegra processors could act as a catalyst, going forward. We believe that NVIDIA’s innovative product pipeline and strength in gaming and high-end notebook GPUs keep it well positioned. What is Driving the Better-Than-Expected Earnings? The combination of NVIDIA’s Zacks Rank #3 and +18.75% ESP makes us very confident in looking for an earnings beat. The Sell-rated stocks (#4 and 5) should never be considered going into an earnings announcement. Zacks Rank #3 (Hold): Note that stocks with Zacks Rank of #1, 2 and 3 have a significantly higher chance of beating earnings. This is very meaningful and a leading indicator of a likely positive earnings surprise for shares. Positive Zacks ESP: Expected Surprise Prediction or Earnings ESP, which represents the difference between the Most Accurate estimate (38 cents) and the Zacks Consensus Estimate (32 cents), stands at +18.75%. Our proven model shows that NVIDIA is likely to beat earnings because it has the right combination of two key ingredients. NVDA to beat expectations when it reports fourth-quarter 2016 results on Feb 17, 2016.
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