NVDA reports earnings next week. Here's a quick look at what's happening:

 Nvidia Corp (NVDA) is ready to report earnings on August 24. Here's a few things you should know about before they make the announcement.

A consensus of analyst reports suggests Nvidia Corp will report an EPS (earnings per share) of 
$0.49, a GAAP Estimate of $0.18, on revenue of 
$6.70B. Over the last 90 days, analysts have lowered estimates 21 times and not raised them once. 

NVDA bulls will be waiting to hear three things. The first is that the reported EPS beat the estimates of analysts. The stock will move on that news. The second is that the company is also reporting higher than expected revenues. Third, the company paints a picture of growth that guides analysts to a future of strong growth. If these three things happen, the share price should react positively.

NVDA bears will be listening for news that the company underperformed the analysts' estimates. After that they'll want to hear about a negative growth story that frames the company's future as one of deceleration or even decline in revenues over the following quarters

If you haven't traded too many earnings reports, it's important to be aware that a stock's price movement can be caused by a change in the analysts' estimates based on the Q&A from the conference call with management discussing the earnings report. As you see more of these reports, your ability to recognize changes in investor sentiment will improve.

Shares of NVDA were trading at $190.32 as of August 16. Over the last 52-weeks, shares are down -45.04%. A larger percentage here can mean investors have a stronger bullish or bearish outlook on the stock.