Is NVIDIA's Profit About to Rocket 67% Higher?
NVIDIA's (NASDAQ: NVDA) recent deal with Daimler unit Mercedes-Benz could provide some real acceleration for the IT company, particularly on its bottom line.
That's the opinion of analyst Stacy Rasgon at AllianceBernstein's (NYSE: AB) Bernstein Research. He estimates the arrangement could ultimately bring in anywhere from $2.0 billion to $2.5 billion in revenue, and $2.50 to $3.00 in per-share earnings to NVIDIA"s results. For comparison, in fiscal 2020 the company booked just over $10.9 billion in revenue, while its GAAP earnings were $4.52 per share.
Image source: Mercedes-Benz (Daimler).
Source Fool.com
