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Nu Holdings Ltd. (NU) Stock Moves -0.24%: What You Should Know
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Nu Holdings Ltd. (NU - Free Report) closed the latest trading day at $12.44, indicating a -0.24% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.77%. Elsewhere, the Dow lost 0.95%, while the tech-heavy Nasdaq lost 0.87%.
The company's stock has climbed by 28.29% in the past month, exceeding the Finance sector's gain of 10.67% and the S&P 500's gain of 11.54%.
The investment community will be closely monitoring the performance of Nu Holdings Ltd. in its forthcoming earnings report. The company is forecasted to report an EPS of $0.12, showcasing a 33.33% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.49 billion, up 27.57% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.54 per share and a revenue of $15.44 billion, indicating changes of +20% and +34.09%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Nu Holdings Ltd. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.22% decrease. Nu Holdings Ltd. presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Nu Holdings Ltd. is at present trading with a Forward P/E ratio of 23.09. Its industry sports an average Forward P/E of 9.64, so one might conclude that Nu Holdings Ltd. is trading at a premium comparatively.
Meanwhile, NU's PEG ratio is currently 0.69. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Banks - Foreign was holding an average PEG ratio of 0.95 at yesterday's closing price.
The Banks - Foreign industry is part of the Finance sector. With its current Zacks Industry Rank of 17, this industry ranks in the top 7% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Nu Holdings Ltd. (NU) Stock Moves -0.24%: What You Should Know
Nu Holdings Ltd. (NU - Free Report) closed the latest trading day at $12.44, indicating a -0.24% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.77%. Elsewhere, the Dow lost 0.95%, while the tech-heavy Nasdaq lost 0.87%.
The company's stock has climbed by 28.29% in the past month, exceeding the Finance sector's gain of 10.67% and the S&P 500's gain of 11.54%.
The investment community will be closely monitoring the performance of Nu Holdings Ltd. in its forthcoming earnings report. The company is forecasted to report an EPS of $0.12, showcasing a 33.33% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.49 billion, up 27.57% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.54 per share and a revenue of $15.44 billion, indicating changes of +20% and +34.09%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Nu Holdings Ltd. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.22% decrease. Nu Holdings Ltd. presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Nu Holdings Ltd. is at present trading with a Forward P/E ratio of 23.09. Its industry sports an average Forward P/E of 9.64, so one might conclude that Nu Holdings Ltd. is trading at a premium comparatively.
Meanwhile, NU's PEG ratio is currently 0.69. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Banks - Foreign was holding an average PEG ratio of 0.95 at yesterday's closing price.
The Banks - Foreign industry is part of the Finance sector. With its current Zacks Industry Rank of 17, this industry ranks in the top 7% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.