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Nu Holdings Ltd. (NU) Laps the Stock Market: Here's Why
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Nu Holdings Ltd. (NU - Free Report) closed the most recent trading day at $15.35, moving +2.68% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 1.18%. Elsewhere, the Dow saw an upswing of 0.66%, while the tech-heavy Nasdaq appreciated by 1.96%.
The company's shares have seen an increase of 4.77% over the last month, not keeping up with the Finance sector's gain of 4.89% and outstripping the S&P 500's gain of 3.93%.
The investment community will be closely monitoring the performance of Nu Holdings Ltd. in its forthcoming earnings report. The company is predicted to post an EPS of $0.2, indicating a 66.67% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $4.97 billion, up 52.98% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.84 per share and a revenue of $21.18 billion, signifying shifts of +35.48% and +34.27%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Nu Holdings Ltd. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 3.54% lower. Nu Holdings Ltd. currently has 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 17.71. For comparison, its industry has an average Forward P/E of 11.46, which means Nu Holdings Ltd. is trading at a premium to the group.
It's also important to note that NU currently trades at a PEG ratio of 0.6. 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. The Banks - Foreign industry currently had an average PEG ratio of 0.85 as of yesterday's close.
The Banks - Foreign industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 87, positioning it in the top 36% 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.
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) Laps the Stock Market: Here's Why
Nu Holdings Ltd. (NU - Free Report) closed the most recent trading day at $15.35, moving +2.68% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 1.18%. Elsewhere, the Dow saw an upswing of 0.66%, while the tech-heavy Nasdaq appreciated by 1.96%.
The company's shares have seen an increase of 4.77% over the last month, not keeping up with the Finance sector's gain of 4.89% and outstripping the S&P 500's gain of 3.93%.
The investment community will be closely monitoring the performance of Nu Holdings Ltd. in its forthcoming earnings report. The company is predicted to post an EPS of $0.2, indicating a 66.67% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $4.97 billion, up 52.98% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.84 per share and a revenue of $21.18 billion, signifying shifts of +35.48% and +34.27%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Nu Holdings Ltd. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 3.54% lower. Nu Holdings Ltd. currently has 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 17.71. For comparison, its industry has an average Forward P/E of 11.46, which means Nu Holdings Ltd. is trading at a premium to the group.
It's also important to note that NU currently trades at a PEG ratio of 0.6. 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. The Banks - Foreign industry currently had an average PEG ratio of 0.85 as of yesterday's close.
The Banks - Foreign industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 87, positioning it in the top 36% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.