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The Zacks Consensus Estimate for the same is pegged at $7.12 billion, indicating a 9.5% increase from the year-ago reported figure.The Zacks Consensus Estimate for quarterly earnings is pegged at 59 cents per share, suggesting a significant year-over-year decline of 43.3%.The company’s earnings beat the consensus estimate in all the preceding four quarters, the average surprise being 5.3%.Let’s see how things have shaped up before the announcement.NVIDIA Corporation Price and EPS Surprise NVIDIA Corporation price-eps-surprise | NVIDIA Corporation QuoteFactors to ConsiderNVIDIA’s second-quarter performance is likely to have been negatively impacted by weakening demand for its chips used in the gaming end market.In its fiscal second-quarter preliminary results reported on Aug 8, the company stated that weak top-line performance expectation is primarily attributable to lower sell-in of gaming products, reflecting a reduction in channel partner sales due to macroeconomic headwinds. NVIDIA Corporation NVDA is scheduled to release second-quarter fiscal 2023 results on Aug 24.The graphic chip maker slashed its revenue guidance last week to $6.70 billion for the fiscal second quarter from the previous forecast of $8.10 billion (+/- 2%).
