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Nu Holdings Ltd. (NU) Dips More Than Broader Market: What You Should Know
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Nu Holdings Ltd. (NU - Free Report) closed the most recent trading day at $12.59, moving -1.56% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 1.44%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 2.22%.
Coming into today, shares of the company had gained 0.47% in the past month. In that same time, the Finance sector gained 3.16%, while the S&P 500 gained 0.08%.
The upcoming earnings release of Nu Holdings Ltd. will be of great interest to investors. The company is forecasted to report an EPS of $0.2, showcasing a 42.86% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $5.36 billion, up 46.06% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $0.83 per share and a revenue of $21.89 billion, demonstrating changes of +33.87% and +38.76%, respectively, from the preceding year.
It is also important to note the 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, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.48% fall in the Zacks Consensus EPS estimate. Nu Holdings Ltd. presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Nu Holdings Ltd. currently has a Forward P/E ratio of 15.34. This denotes a premium relative to the industry average Forward P/E of 11.65.
Investors should also note that NU has a PEG ratio of 0.51 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Banks - Foreign industry held an average PEG ratio of 0.85.
The Banks - Foreign industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 98, placing it within the top 41% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Nu Holdings Ltd. (NU) Dips More Than Broader Market: What You Should Know
Nu Holdings Ltd. (NU - Free Report) closed the most recent trading day at $12.59, moving -1.56% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 1.44%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 2.22%.
Coming into today, shares of the company had gained 0.47% in the past month. In that same time, the Finance sector gained 3.16%, while the S&P 500 gained 0.08%.
The upcoming earnings release of Nu Holdings Ltd. will be of great interest to investors. The company is forecasted to report an EPS of $0.2, showcasing a 42.86% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $5.36 billion, up 46.06% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $0.83 per share and a revenue of $21.89 billion, demonstrating changes of +33.87% and +38.76%, respectively, from the preceding year.
It is also important to note the 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, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.48% fall in the Zacks Consensus EPS estimate. Nu Holdings Ltd. presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Nu Holdings Ltd. currently has a Forward P/E ratio of 15.34. This denotes a premium relative to the industry average Forward P/E of 11.65.
Investors should also note that NU has a PEG ratio of 0.51 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Banks - Foreign industry held an average PEG ratio of 0.85.
The Banks - Foreign industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 98, placing it within the top 41% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.