The start of the new quarter means that earnings season is about to begin, and six leading IBD 50 names are expected to report at least 100% earnings growth, with Nvidia (NVDA) estimates topping 450%. Eyes will be on Nvidia stock as it has made explosive moves following its earnings numbers.

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Nvidia Stock On Display On May 22

Nvidia stock gapped up 16.4% on Feb. 22, following its blowout fourth-quarter results, lifting it to a record high of 974 on March 8.

The leading chip and artificial intelligence giant reports its fiscal first-quarter earnings after the market close on May 22. Analysts are projecting another quarter of stellar earnings growth, with a 459% increase over the same period last year, according to MarketSurge. Quarterly sales growth is forecast at 240%.

Similarly, Nvidia’s second-quarter profits are expected to grow 100% and continue to slow in the following two quarters. Its fiscal second through fourth quarter comparisons are against the previous year’s growth of 429%, 593% and 486%. Its fiscal 2025 profit is expected to increase 82%, following its 288% rise in 2024. Nvidia stock is currently about 10% below its all-time high.

MakeMyTrip (MMYT) provides its fiscal fourth-quarter results around May 21. Analysts estimate a 204% profit increase over the prior year’s quarter, following surges of 500%, 257% and 150%. Quarterly sales are expected to rise 23%. Shares of the India-based online travel service provider are at a record high and have gained nearly 60% this year so far.

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Analysts Expect JFrog Earnings To Leap

Tidewater (TDW) releases its first-quarter results around May 13, with 166% profit growth projected on a 62% revenue increase. This continues a six straight quarterly trend of earning increases and sales growth.

Analysts estimate per-share earnings growth ranging from 153% to 162% for the second through fourth quarters. Tidewater owns and operates fleets of offshore support vessels used in energy exploration and production. Shares are near all-time highs.

Also, JFrog (FROG) reports its first-quarter numbers around May 1. Analysts predict a 139% boost in its bottom line over the year-ago period on 24% sales growth.

JFrog’s quarterly profits have grown from six cents a share to 19 cents over the last four quarters. The software updating company topped fourth-quarter estimates on Feb. 14, catapulting the stock 28.4% higher in heavy volume the next day, before it retreated.

Chip Equipment And Bank Stocks See Earnings Growth For Now

Further, ACM Research (ACMR) is due to release first-quarter numbers around May 3. Profits are expected to pop 127% on 105% sales growth.

The semiconductor equipment supplier crushed fourth-quarter earnings expectations on Feb. 28, lifting the stock 40.8% in giant volume. Shares reached a 52-week high on March 1, and have held a good portion of the gains.

And finally, First Citizens Bancshares (FCNCA) reports its first-quarter results on April 25. Analysts see 121% earnings growth on 96% sales growth.

This follows three quarters of profit growth ranging from 122% to 212%. However, the regional bank’s profit growth is expected to decelerate in the following three quarters.

Follow Kimberley Koenig for more stock news on Twitter @IBD_KKoenig.

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