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Nu Holdings Ltd. (NU) Stock Sinks As Market Gains: Here's Why
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In the latest close session, Nu Holdings Ltd. (NU - Free Report) was down 2.01% at $14.15. This change lagged the S&P 500's 0.11% gain on the day. Elsewhere, the Dow saw a downswing of 0.13%, while the tech-heavy Nasdaq appreciated by 0.18%.
Heading into today, shares of the company had lost 3.73% over the past month, outpacing the Finance sector's loss of 4.76% and the S&P 500's loss of 4.28%.
The upcoming earnings release of Nu Holdings Ltd. will be of great interest to investors. On that day, Nu Holdings Ltd. is projected to report earnings of $0.2 per share, which would represent year-over-year growth of 66.67%. Simultaneously, our latest consensus estimate expects the revenue to be $4.97 billion, showing a 52.98% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.88 per share and a revenue of $21.18 billion, representing changes of +41.94% and +34.27%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Nu Holdings Ltd. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.16% upward. At present, Nu Holdings Ltd. boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Nu Holdings Ltd. is holding a Forward P/E ratio of 16.5. For comparison, its industry has an average Forward P/E of 10.8, which means Nu Holdings Ltd. is trading at a premium to the group.
Also, we should mention that NU has a PEG ratio of 0.56. 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 0.82 at yesterday's closing price.
The Banks - Foreign industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 45, which puts it in the top 19% 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.
To follow NU in the coming trading sessions, be sure to utilize Zacks.com.
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Nu Holdings Ltd. (NU) Stock Sinks As Market Gains: Here's Why
In the latest close session, Nu Holdings Ltd. (NU - Free Report) was down 2.01% at $14.15. This change lagged the S&P 500's 0.11% gain on the day. Elsewhere, the Dow saw a downswing of 0.13%, while the tech-heavy Nasdaq appreciated by 0.18%.
Heading into today, shares of the company had lost 3.73% over the past month, outpacing the Finance sector's loss of 4.76% and the S&P 500's loss of 4.28%.
The upcoming earnings release of Nu Holdings Ltd. will be of great interest to investors. On that day, Nu Holdings Ltd. is projected to report earnings of $0.2 per share, which would represent year-over-year growth of 66.67%. Simultaneously, our latest consensus estimate expects the revenue to be $4.97 billion, showing a 52.98% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.88 per share and a revenue of $21.18 billion, representing changes of +41.94% and +34.27%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Nu Holdings Ltd. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.16% upward. At present, Nu Holdings Ltd. boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Nu Holdings Ltd. is holding a Forward P/E ratio of 16.5. For comparison, its industry has an average Forward P/E of 10.8, which means Nu Holdings Ltd. is trading at a premium to the group.
Also, we should mention that NU has a PEG ratio of 0.56. 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 0.82 at yesterday's closing price.
The Banks - Foreign industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 45, which puts it in the top 19% 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.
To follow NU in the coming trading sessions, be sure to utilize Zacks.com.