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Nu Holdings Ltd. (NU) Declines More Than Market: Some Information for Investors
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In the latest close session, Nu Holdings Ltd. (NU - Free Report) was down 10.01% at $12.23. The stock's change was less than the S&P 500's daily loss of 0.77%. Meanwhile, the Dow lost 0.67%, and the Nasdaq, a tech-heavy index, lost 0.92%.
The company's shares have seen a decrease of 4.97% over the last month, not keeping up with the Finance sector's loss of 3.48% and the S&P 500's gain of 0.96%.
The investment community will be paying close attention to the earnings performance of Nu Holdings Ltd. in its upcoming release. The company is forecasted to report an EPS of $0.23, showcasing a 35.29% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $5.73 billion, showing a 37.3% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.86 per share and a revenue of $22.51 billion, representing changes of +38.71% and +42.68%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Nu Holdings Ltd. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Within the past 30 days, our consensus EPS projection has moved 0.93% higher. Right now, Nu Holdings Ltd. possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Nu Holdings Ltd. currently has a Forward P/E ratio of 15.73. For comparison, its industry has an average Forward P/E of 11.96, which means Nu Holdings Ltd. is trading at a premium to the group.
Meanwhile, NU's PEG ratio is currently 0.55. 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. By the end of yesterday's trading, the Banks - Foreign industry had an average PEG ratio of 0.87.
The Banks - Foreign industry is part of the Finance sector. With its current Zacks Industry Rank of 62, this industry ranks in the top 26% of all industries, numbering over 250.
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.
To follow NU in the coming trading sessions, be sure to utilize Zacks.com.
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Nu Holdings Ltd. (NU) Declines More Than Market: Some Information for Investors
In the latest close session, Nu Holdings Ltd. (NU - Free Report) was down 10.01% at $12.23. The stock's change was less than the S&P 500's daily loss of 0.77%. Meanwhile, the Dow lost 0.67%, and the Nasdaq, a tech-heavy index, lost 0.92%.
The company's shares have seen a decrease of 4.97% over the last month, not keeping up with the Finance sector's loss of 3.48% and the S&P 500's gain of 0.96%.
The investment community will be paying close attention to the earnings performance of Nu Holdings Ltd. in its upcoming release. The company is forecasted to report an EPS of $0.23, showcasing a 35.29% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $5.73 billion, showing a 37.3% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.86 per share and a revenue of $22.51 billion, representing changes of +38.71% and +42.68%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Nu Holdings Ltd. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Within the past 30 days, our consensus EPS projection has moved 0.93% higher. Right now, Nu Holdings Ltd. possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Nu Holdings Ltd. currently has a Forward P/E ratio of 15.73. For comparison, its industry has an average Forward P/E of 11.96, which means Nu Holdings Ltd. is trading at a premium to the group.
Meanwhile, NU's PEG ratio is currently 0.55. 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. By the end of yesterday's trading, the Banks - Foreign industry had an average PEG ratio of 0.87.
The Banks - Foreign industry is part of the Finance sector. With its current Zacks Industry Rank of 62, this industry ranks in the top 26% of all industries, numbering over 250.
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.
To follow NU in the coming trading sessions, be sure to utilize Zacks.com.