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Nu Holdings Ltd. (NU) Stock Dips While Market Gains: Key Facts
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Nu Holdings Ltd. (NU - Free Report) closed the most recent trading day at $12.39, moving -1.59% from the previous trading session. This change lagged the S&P 500's daily gain of 0.6%. Elsewhere, the Dow saw an upswing of 0.03%, while the tech-heavy Nasdaq appreciated by 1.18%.
The company's stock has climbed by 2.94% in the past month, exceeding the Finance sector's loss of 0.87% and the S&P 500's loss of 0.79%.
The upcoming earnings release of Nu Holdings Ltd. will be of great interest to investors. The company is expected to report EPS of $0.23, up 35.29% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.73 billion, up 37.29% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.86 per share and a revenue of $22.51 billion, indicating changes of +38.71% and +42.68%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Nu Holdings Ltd. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. The Zacks Consensus EPS estimate has moved 0.23% lower within the past month. At present, Nu Holdings Ltd. boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Nu Holdings Ltd. has a Forward P/E ratio of 14.61 right now. This denotes a premium relative to the industry average Forward P/E of 10.64.
It's also important to note that NU currently trades at a PEG ratio of 0.51. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Banks - Foreign industry stood at 0.78 at the close of the market yesterday.
The Banks - Foreign industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 154, which puts it in the bottom 38% of all 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Nu Holdings Ltd. (NU) Stock Dips While Market Gains: Key Facts
Nu Holdings Ltd. (NU - Free Report) closed the most recent trading day at $12.39, moving -1.59% from the previous trading session. This change lagged the S&P 500's daily gain of 0.6%. Elsewhere, the Dow saw an upswing of 0.03%, while the tech-heavy Nasdaq appreciated by 1.18%.
The company's stock has climbed by 2.94% in the past month, exceeding the Finance sector's loss of 0.87% and the S&P 500's loss of 0.79%.
The upcoming earnings release of Nu Holdings Ltd. will be of great interest to investors. The company is expected to report EPS of $0.23, up 35.29% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.73 billion, up 37.29% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.86 per share and a revenue of $22.51 billion, indicating changes of +38.71% and +42.68%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Nu Holdings Ltd. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. The Zacks Consensus EPS estimate has moved 0.23% lower within the past month. At present, Nu Holdings Ltd. boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Nu Holdings Ltd. has a Forward P/E ratio of 14.61 right now. This denotes a premium relative to the industry average Forward P/E of 10.64.
It's also important to note that NU currently trades at a PEG ratio of 0.51. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Banks - Foreign industry stood at 0.78 at the close of the market yesterday.
The Banks - Foreign industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 154, which puts it in the bottom 38% of all 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.