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Nu Holdings Ltd. (NU) Dips More Than Broader Market: What You Should Know
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In the latest close session, Nu Holdings Ltd. (NU - Free Report) was down 1.28% at $15.38. The stock fell short of the S&P 500, which registered a loss of 0.47% for the day. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 1.25%.
The company's shares have seen an increase of 3.87% over the last month, surpassing the Finance sector's loss of 5.13% and the S&P 500's gain of 1.15%.
The investment community will be closely monitoring the performance of Nu Holdings Ltd. in its forthcoming earnings report. The company's upcoming EPS is projected at $0.23, signifying a 35.29% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.73 billion, up 37.29% 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 should also note any recent changes to analyst estimates for Nu Holdings Ltd. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. 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, 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 moved 0.93% higher. Nu Holdings Ltd. currently has a Zacks Rank of #3 (Hold).
Investors should also note Nu Holdings Ltd.'s current valuation metrics, including its Forward P/E ratio of 18.03. This represents a premium compared to its industry average Forward P/E of 11.21.
Investors should also note that NU has a PEG ratio of 0.64 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Banks - Foreign stocks are, on average, holding a PEG ratio of 0.84 based on yesterday's closing prices.
The Banks - Foreign industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 59, positioning it in the top 24% 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.
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
In the latest close session, Nu Holdings Ltd. (NU - Free Report) was down 1.28% at $15.38. The stock fell short of the S&P 500, which registered a loss of 0.47% for the day. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 1.25%.
The company's shares have seen an increase of 3.87% over the last month, surpassing the Finance sector's loss of 5.13% and the S&P 500's gain of 1.15%.
The investment community will be closely monitoring the performance of Nu Holdings Ltd. in its forthcoming earnings report. The company's upcoming EPS is projected at $0.23, signifying a 35.29% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.73 billion, up 37.29% 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 should also note any recent changes to analyst estimates for Nu Holdings Ltd. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. 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, 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 moved 0.93% higher. Nu Holdings Ltd. currently has a Zacks Rank of #3 (Hold).
Investors should also note Nu Holdings Ltd.'s current valuation metrics, including its Forward P/E ratio of 18.03. This represents a premium compared to its industry average Forward P/E of 11.21.
Investors should also note that NU has a PEG ratio of 0.64 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Banks - Foreign stocks are, on average, holding a PEG ratio of 0.84 based on yesterday's closing prices.
The Banks - Foreign industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 59, positioning it in the top 24% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.