Nvidia Stock Earnings Preview: NVDA strongly biased to downside ahead of Q2 results

Wall Street consensus is for adjusted EPS of $0.52 on $6.7 billion in sales.earnings for the second fiscal quarter of 2023are flat in the premarket at $171.76 as the leading fabless semiconductor designer already released preliminary results at the beginning of the month. This was due to material weakness in the semiconductor market that was serious enough for management to try and pre-empt a major sell-off.

Wall Street consensus is for adjusted EPS of $0.52 for the quarter, which is well behind adjusted EPS of $1.04 in the second quarter last year.is one reason why investors could easily be caught with their pants down. The market has appeared to take the news in stride as if one bad quarter will assuredly be followed by a certain turnaround in fortunes.

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