I'm a newbie here. This is my first post. I would appreciate it if someone will help me. I'm a bit confused about EPS values.

For example, Nvidia's Oct 2020 earnings:

  • TradingView shows:

    EPS Est. 2.58 vs Actual 2.12, -17.75% surprise


  • Nasdaq shows:

    EPS Est. 1.92 vs Actual 2.41, +25.52% surprise


  • MarketWatch shows:

    EPS Est. 2.91 vs Actual 2.91, +0.00% surprise


  • Yahoo Finance shows:

    EPS Est. 2.57 vs Actual 2.91, +13.20% surprise


Why do these differences occur? Which numbers do you think I should trust? Can someone explain to me?

  • 1
    There's something weird about the MarketWatch table. It gives you the "actual EPS" for the future (Q1 2021, Q2 2021, Q3 2021).
    – Flux
    Nov 19 '20 at 16:33
  • @Flux NVIDIA'a fiscal year ends in January (rather then December), so the "quarters" end 11 months ahead of the calendar quarter (meaning that 3Q2021 ended on Oct 25, 2020)
    – D Stanley
    Nov 19 '20 at 16:42
  • Did you have to pay to get the TradingView chart with earnings information (as shown in your screenshot)?
    – Flux
    Nov 20 '20 at 6:43
  • I have Pro+ account but I have no idea free account has this feature.
    – shrimptail
    Nov 20 '20 at 10:54

NVIDIA reported both GAAP (Generally Accepted Accounting Principles) and non-GAAP earnings amounts at the end of their Q3. Their GAAP EPS was 2.12, but their non-GAAP EPS was 2.91. Different sites apparently use different values.

I can't reconcile the values that Nasdaq uses. It's possible that their data hasn't fully incorporated the reported results since they were just announced a day ago. If you look at the Financials section their Q3 results aren't posted there yet.

Non-GAAP results are typically adjusted to remove the effect on non-recurring events, so that results from one period to the next are comparable.

Whether you use the GAAP or non-GAAP results depending on what you're trying to measure. For example, if you're trying to measure financial growth, non-GAAP might give you a sense of how their actual operations are growing. You obviously can't just ignore the items that are excluded in non-GAAP results, but you might look at both depending on what you're evaluating.

  • Ty for very useful answer? Where can I find NVIDA's GAAP & Non-GAAP result? I'd like to check them on official statement. How about the differences on analysts estimate? Should I choose single site to keep tracking earnings result?
    – shrimptail
    Nov 20 '20 at 3:47

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