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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 $14.19, moving -2.21% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The company's shares have seen an increase of 16.45% over the last month, surpassing the Finance sector's gain of 2.12% and the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of Nu Holdings Ltd. in its upcoming release. In that report, analysts expect Nu Holdings Ltd. to post earnings of $0.2 per share. This would mark year-over-year growth of 42.86%. At the same time, our most recent consensus estimate is projecting a revenue of $5.45 billion, reflecting a 48.68% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.83 per share and a revenue of $22.42 billion, indicating changes of +33.87% and +42.13%, 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 latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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 remained stagnant. Nu Holdings Ltd. currently has a Zacks Rank of #4 (Sell).
Investors should also note Nu Holdings Ltd.'s current valuation metrics, including its Forward P/E ratio of 17.4. This expresses a premium compared to the average Forward P/E of 12.12 of its industry.
We can additionally observe that NU currently boasts a PEG ratio of 0.58. 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. The Banks - Foreign industry currently had an average PEG ratio of 0.88 as of yesterday's close.
The Banks - Foreign industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 88, placing it within the top 36% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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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 $14.19, moving -2.21% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The company's shares have seen an increase of 16.45% over the last month, surpassing the Finance sector's gain of 2.12% and the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of Nu Holdings Ltd. in its upcoming release. In that report, analysts expect Nu Holdings Ltd. to post earnings of $0.2 per share. This would mark year-over-year growth of 42.86%. At the same time, our most recent consensus estimate is projecting a revenue of $5.45 billion, reflecting a 48.68% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.83 per share and a revenue of $22.42 billion, indicating changes of +33.87% and +42.13%, 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 latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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 remained stagnant. Nu Holdings Ltd. currently has a Zacks Rank of #4 (Sell).
Investors should also note Nu Holdings Ltd.'s current valuation metrics, including its Forward P/E ratio of 17.4. This expresses a premium compared to the average Forward P/E of 12.12 of its industry.
We can additionally observe that NU currently boasts a PEG ratio of 0.58. 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. The Banks - Foreign industry currently had an average PEG ratio of 0.88 as of yesterday's close.
The Banks - Foreign industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 88, placing it within the top 36% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.