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Nu Holdings Ltd. (NU) Rises As Market Takes a Dip: Key Facts
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In the latest trading session, Nu Holdings Ltd. (NU - Free Report) closed at $14.16, marking a +1.36% move from the previous day. This move outpaced the S&P 500's daily loss of 0.28%. Elsewhere, the Dow saw a downswing of 0.44%, while the tech-heavy Nasdaq depreciated by 0.28%.
The company's stock has dropped by 18.64% in the past month, falling short of the Finance sector's loss of 6.73% and the S&P 500's loss of 3.59%.
Analysts and investors alike will be keeping a close eye on the performance of Nu Holdings Ltd. in its upcoming earnings disclosure. In that report, analysts expect Nu Holdings Ltd. to post earnings of $0.2 per share. This would mark year-over-year growth of 66.67%. At the same time, our most recent consensus estimate is projecting a revenue of $4.97 billion, reflecting a 52.98% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.88 per share and a revenue of $21.18 billion, indicating changes of +41.94% and +34.27%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Nu Holdings Ltd. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.45% upward. Nu Holdings Ltd. is currently a Zacks Rank #2 (Buy).
In terms of valuation, Nu Holdings Ltd. is currently trading at a Forward P/E ratio of 15.97. This signifies a premium in comparison to the average Forward P/E of 10.69 for its industry.
It is also worth noting that NU currently has a PEG ratio of 0.55. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Banks - Foreign was holding an average PEG ratio of 0.75 at yesterday's closing price.
The Banks - Foreign industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 39, positioning it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NU in the coming trading sessions, be sure to utilize Zacks.com.
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Nu Holdings Ltd. (NU) Rises As Market Takes a Dip: Key Facts
In the latest trading session, Nu Holdings Ltd. (NU - Free Report) closed at $14.16, marking a +1.36% move from the previous day. This move outpaced the S&P 500's daily loss of 0.28%. Elsewhere, the Dow saw a downswing of 0.44%, while the tech-heavy Nasdaq depreciated by 0.28%.
The company's stock has dropped by 18.64% in the past month, falling short of the Finance sector's loss of 6.73% and the S&P 500's loss of 3.59%.
Analysts and investors alike will be keeping a close eye on the performance of Nu Holdings Ltd. in its upcoming earnings disclosure. In that report, analysts expect Nu Holdings Ltd. to post earnings of $0.2 per share. This would mark year-over-year growth of 66.67%. At the same time, our most recent consensus estimate is projecting a revenue of $4.97 billion, reflecting a 52.98% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.88 per share and a revenue of $21.18 billion, indicating changes of +41.94% and +34.27%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Nu Holdings Ltd. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.45% upward. Nu Holdings Ltd. is currently a Zacks Rank #2 (Buy).
In terms of valuation, Nu Holdings Ltd. is currently trading at a Forward P/E ratio of 15.97. This signifies a premium in comparison to the average Forward P/E of 10.69 for its industry.
It is also worth noting that NU currently has a PEG ratio of 0.55. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Banks - Foreign was holding an average PEG ratio of 0.75 at yesterday's closing price.
The Banks - Foreign industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 39, positioning it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NU in the coming trading sessions, be sure to utilize Zacks.com.