We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nu Holdings Ltd. (NU) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
In the latest close session, Nu Holdings Ltd. (NU - Free Report) was down 2.05% at $15.80. The stock trailed the S&P 500, which registered a daily loss of 1.17%. Elsewhere, the Dow saw a downswing of 0.53%, while the tech-heavy Nasdaq depreciated by 2.04%.
Coming into today, shares of the company had gained 4.88% in the past month. In that same time, the Finance sector lost 1.24%, while the S&P 500 gained 2.12%.
The investment community will be paying close attention to the earnings performance of Nu Holdings Ltd. in its upcoming release. It is anticipated that the company will report an EPS of $0.15, marking a 25% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.04 billion, reflecting a 37.16% rise from the equivalent quarter last year.
NU's full-year Zacks Consensus Estimates are calling for earnings of $0.56 per share and revenue of $15.22 billion. These results would represent year-over-year changes of +24.44% and +32.15%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Nu Holdings Ltd. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.2% increase. Currently, Nu Holdings Ltd. is carrying a Zacks Rank of #2 (Buy).
From a valuation perspective, Nu Holdings Ltd. is currently exchanging hands at a Forward P/E ratio of 28.63. This expresses a premium compared to the average Forward P/E of 11.01 of its industry.
We can also see that NU currently has a PEG ratio of 0.83. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Banks - Foreign industry was having an average PEG ratio of 1.05.
The Banks - Foreign industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 67, which puts it in the top 28% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Nu Holdings Ltd. (NU) Dips More Than Broader Market: What You Should Know
In the latest close session, Nu Holdings Ltd. (NU - Free Report) was down 2.05% at $15.80. The stock trailed the S&P 500, which registered a daily loss of 1.17%. Elsewhere, the Dow saw a downswing of 0.53%, while the tech-heavy Nasdaq depreciated by 2.04%.
Coming into today, shares of the company had gained 4.88% in the past month. In that same time, the Finance sector lost 1.24%, while the S&P 500 gained 2.12%.
The investment community will be paying close attention to the earnings performance of Nu Holdings Ltd. in its upcoming release. It is anticipated that the company will report an EPS of $0.15, marking a 25% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.04 billion, reflecting a 37.16% rise from the equivalent quarter last year.
NU's full-year Zacks Consensus Estimates are calling for earnings of $0.56 per share and revenue of $15.22 billion. These results would represent year-over-year changes of +24.44% and +32.15%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Nu Holdings Ltd. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.2% increase. Currently, Nu Holdings Ltd. is carrying a Zacks Rank of #2 (Buy).
From a valuation perspective, Nu Holdings Ltd. is currently exchanging hands at a Forward P/E ratio of 28.63. This expresses a premium compared to the average Forward P/E of 11.01 of its industry.
We can also see that NU currently has a PEG ratio of 0.83. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Banks - Foreign industry was having an average PEG ratio of 1.05.
The Banks - Foreign industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 67, which puts it in the top 28% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.