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Nu Holdings Ltd. (NU) Declines More Than Market: Some Information for Investors
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In the latest close session, Nu Holdings Ltd. (NU - Free Report) was down 2.24% at $17.02. The stock fell short of the S&P 500, which registered a loss of 1.57% for the day. At the same time, the Dow lost 1.34%, and the tech-heavy Nasdaq lost 2.04%.
The company's shares have seen an increase of 4.63% over the last month, surpassing the Finance sector's loss of 0.4% and the S&P 500's loss of 0.29%.
The investment community will be closely monitoring the performance of Nu Holdings Ltd. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.18, reflecting a 50% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.55 billion, up 52.33% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.6 per share and revenue of $15.64 billion. These totals would mark changes of +33.33% and +35.82%, respectively, from last year.
Any recent changes to analyst estimates for Nu Holdings Ltd. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.47% upward. Nu Holdings Ltd. currently has a Zacks Rank of #2 (Buy).
Looking at valuation, Nu Holdings Ltd. is presently trading at a Forward P/E ratio of 20.19. This represents a premium compared to its industry average Forward P/E of 11.94.
Investors should also note that NU has a PEG ratio of 0.57 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. NU's industry had an average PEG ratio of 0.97 as of yesterday's close.
The Banks - Foreign industry is part of the Finance sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Nu Holdings Ltd. (NU) Declines More Than Market: Some Information for Investors
In the latest close session, Nu Holdings Ltd. (NU - Free Report) was down 2.24% at $17.02. The stock fell short of the S&P 500, which registered a loss of 1.57% for the day. At the same time, the Dow lost 1.34%, and the tech-heavy Nasdaq lost 2.04%.
The company's shares have seen an increase of 4.63% over the last month, surpassing the Finance sector's loss of 0.4% and the S&P 500's loss of 0.29%.
The investment community will be closely monitoring the performance of Nu Holdings Ltd. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.18, reflecting a 50% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.55 billion, up 52.33% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.6 per share and revenue of $15.64 billion. These totals would mark changes of +33.33% and +35.82%, respectively, from last year.
Any recent changes to analyst estimates for Nu Holdings Ltd. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.47% upward. Nu Holdings Ltd. currently has a Zacks Rank of #2 (Buy).
Looking at valuation, Nu Holdings Ltd. is presently trading at a Forward P/E ratio of 20.19. This represents a premium compared to its industry average Forward P/E of 11.94.
Investors should also note that NU has a PEG ratio of 0.57 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. NU's industry had an average PEG ratio of 0.97 as of yesterday's close.
The Banks - Foreign industry is part of the Finance sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.