All eyes turn to NVIDIA Corporation (NASDAQ:NVDA) and the company’s AI dominance, new products and questions for the China market when the company reports first-quarter financial results Wednesday after market close.Here are the analyst earnings estimates, what experts are saying ahead of the report and key items to watch.Earnings Estimates: Analysts expect Nvidia to report first-quarter revenue of $43.54 billion, up from $26.04 billion in last year’s first quarter, according to data from Benzinga Pro.The revenue estimate would be a company record, beating the $39.33 billion reported in the fourth quarter.Nvidia has beaten analyst estimates for revenue in 10 straight quarters.Analysts expect Nvidia to report first-quarter earnings per share of 88 cents, up from 61 cents per share in last year’s first quarter. The company has beaten analyst estimates for earnings per share in nine straight quarters.Read Also: Nvidia Earnings On Deck: Can AI Darling Beat The Street’s High Bar Amid China Headwinds?What Experts Are Saying: Nvidia stock could be flat to down heading into the earnings report due to macro uncertainty and a ban on the H20 AI chip in China, Piper Sandler analyst Harsh Kumar said in a new investor note ahead of Q1 results.”The new re-spun China chip will likely be commercialized in the late part of the July quarter, which could also impact July’s guide,” he said, reiterating an Overweight rating and $150 price target on Nvidia.Kumar said most of the factors that could hurt Nvidia’s first quarter are outside the company’s control. The analyst sees a strong back half of the year coming for Nvidia with macro forces improving.”We advise investors to weather the uncertainty and stay long the stock as this is likely largely the last wave of negative news for NVDA …Full story available on Benzinga.com
