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Nu Holdings Ltd. (NU) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Nu Holdings Ltd. (NU - Free Report) ended the recent trading session at $14.16, demonstrating a -1.94% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.41%. Meanwhile, the Dow lost 1.13%, and the Nasdaq, a tech-heavy index, lost 0.19%.
Coming into today, shares of the company had gained 2.05% in the past month. In that same time, the Finance sector gained 5.56%, while the S&P 500 gained 10.02%.
Analysts and investors alike will be keeping a close eye on the performance of Nu Holdings Ltd. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.2, showcasing a 66.67% upward movement from the corresponding quarter of the prior year. 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 $0.84 per share and a revenue of $21.18 billion, indicating changes of +35.48% and +34.27%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Nu Holdings Ltd. Such recent modifications usually signify the changing landscape 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. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Nu Holdings Ltd. presently features a Zacks Rank of #2 (Buy).
Digging into valuation, Nu Holdings Ltd. currently has a Forward P/E ratio of 17.11. This signifies a premium in comparison to the average Forward P/E of 10.98 for its industry.
Meanwhile, NU's PEG ratio is currently 0.58. 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 average PEG ratio for the Banks - Foreign industry stood at 0.89 at the close of the market yesterday.
The Banks - Foreign industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 169, positioning it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Nu Holdings Ltd. (NU) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Nu Holdings Ltd. (NU - Free Report) ended the recent trading session at $14.16, demonstrating a -1.94% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.41%. Meanwhile, the Dow lost 1.13%, and the Nasdaq, a tech-heavy index, lost 0.19%.
Coming into today, shares of the company had gained 2.05% in the past month. In that same time, the Finance sector gained 5.56%, while the S&P 500 gained 10.02%.
Analysts and investors alike will be keeping a close eye on the performance of Nu Holdings Ltd. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.2, showcasing a 66.67% upward movement from the corresponding quarter of the prior year. 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 $0.84 per share and a revenue of $21.18 billion, indicating changes of +35.48% and +34.27%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Nu Holdings Ltd. Such recent modifications usually signify the changing landscape 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. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Nu Holdings Ltd. presently features a Zacks Rank of #2 (Buy).
Digging into valuation, Nu Holdings Ltd. currently has a Forward P/E ratio of 17.11. This signifies a premium in comparison to the average Forward P/E of 10.98 for its industry.
Meanwhile, NU's PEG ratio is currently 0.58. 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 average PEG ratio for the Banks - Foreign industry stood at 0.89 at the close of the market yesterday.
The Banks - Foreign industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 169, positioning it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.