The Semiconductor - General industry is part of the Computer and Technology sector. The Semiconductor - General industry currently had an average PEG ratio of 3.1 as of yesterday's close. 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. We can also see that NVDA currently has a PEG ratio of 3.36. For comparison, its industry has an average Forward P/E of 30.16, which means NVDA is trading at a premium to the group. Looking at its valuation, NVDA is holding a Forward P/E ratio of 56.69. NVDA is currently a Zacks Rank #3 (Hold). Within the past 30 days, our consensus EPS projection has moved 0.11% higher. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. 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. These revisions help to show the ever-changing nature of near-term business trends. Investors might also notice recent changes to analyst estimates for NVDA. These results would represent year-over-year changes of +36.44% and +32.57%, respectively. NVDA's full-year Zacks Consensus Estimates are calling for earnings of $7.90 per share and revenue of $14.47 billion.

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