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Nu Holdings Ltd. (NU) Stock Declines While Market Improves: Some Information for Investors
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Nu Holdings Ltd. (NU - Free Report) closed at $13.65 in the latest trading session, marking a -1.37% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.17% for the day. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
Heading into today, shares of the company had lost 2.6% over the past month, trading in line with the Finance sector and lagging the S&P 500's loss of 1.29%.
The upcoming earnings release of Nu Holdings Ltd. will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.23, reflecting a 35.29% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.73 billion, up 37.3% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.86 per share and a revenue of $22.51 billion, signifying shifts of +38.71% and +42.68%, respectively, from the last 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.89% upward. Nu Holdings Ltd. is currently a Zacks Rank #3 (Hold).
Looking at valuation, Nu Holdings Ltd. is presently trading at a Forward P/E ratio of 16.02. This represents a premium compared to its industry average Forward P/E of 12.02.
It is also worth noting that NU currently has a PEG ratio of 0.56. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Banks - Foreign stocks are, on average, holding a PEG ratio of 0.88 based on yesterday's closing prices.
The Banks - Foreign industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 59, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
View the Zacks #1 Rank List
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Nu Holdings Ltd. (NU) Stock Declines While Market Improves: Some Information for Investors
Nu Holdings Ltd. (NU - Free Report) closed at $13.65 in the latest trading session, marking a -1.37% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.17% for the day. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
Heading into today, shares of the company had lost 2.6% over the past month, trading in line with the Finance sector and lagging the S&P 500's loss of 1.29%.
The upcoming earnings release of Nu Holdings Ltd. will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.23, reflecting a 35.29% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.73 billion, up 37.3% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.86 per share and a revenue of $22.51 billion, signifying shifts of +38.71% and +42.68%, respectively, from the last 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.89% upward. Nu Holdings Ltd. is currently a Zacks Rank #3 (Hold).
Looking at valuation, Nu Holdings Ltd. is presently trading at a Forward P/E ratio of 16.02. This represents a premium compared to its industry average Forward P/E of 12.02.
It is also worth noting that NU currently has a PEG ratio of 0.56. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Banks - Foreign stocks are, on average, holding a PEG ratio of 0.88 based on yesterday's closing prices.
The Banks - Foreign industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 59, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.