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Nu Holdings Ltd. (NU) Stock Moves -2.09%: What You Should Know
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Nu Holdings Ltd. (NU - Free Report) closed at $11.74 in the latest trading session, marking a -2.09% move from the prior day. This change was narrower than the S&P 500's daily loss of 4.36%. Elsewhere, the Dow saw a downswing of 3.44%, while the tech-heavy Nasdaq depreciated by 5.52%.
The company's shares have seen a decrease of 23.04% over the last month, not keeping up with the Finance sector's gain of 4.15% and the S&P 500's loss of 0.38%.
The upcoming earnings release of Nu Holdings Ltd. will be of great interest to investors. The company is expected to report EPS of $0.22, up 29.41% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $5.7 billion, showing a 36.6% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.85 per share and a revenue of $22.38 billion, indicating changes of +37.1% and +41.87%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Nu Holdings Ltd. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.16% lower. Currently, Nu Holdings Ltd. is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Nu Holdings Ltd. currently has a Forward P/E ratio of 14.04. This signifies a premium in comparison to the average Forward P/E of 10.99 for its industry.
One should further note that NU currently holds a PEG ratio of 0.49. 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. As the market closed yesterday, the Banks - Foreign industry was having an average PEG ratio of 0.82.
The Banks - Foreign industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 160, finds itself in the bottom 36% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Nu Holdings Ltd. (NU) Stock Moves -2.09%: What You Should Know
Nu Holdings Ltd. (NU - Free Report) closed at $11.74 in the latest trading session, marking a -2.09% move from the prior day. This change was narrower than the S&P 500's daily loss of 4.36%. Elsewhere, the Dow saw a downswing of 3.44%, while the tech-heavy Nasdaq depreciated by 5.52%.
The company's shares have seen a decrease of 23.04% over the last month, not keeping up with the Finance sector's gain of 4.15% and the S&P 500's loss of 0.38%.
The upcoming earnings release of Nu Holdings Ltd. will be of great interest to investors. The company is expected to report EPS of $0.22, up 29.41% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $5.7 billion, showing a 36.6% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.85 per share and a revenue of $22.38 billion, indicating changes of +37.1% and +41.87%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Nu Holdings Ltd. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.16% lower. Currently, Nu Holdings Ltd. is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Nu Holdings Ltd. currently has a Forward P/E ratio of 14.04. This signifies a premium in comparison to the average Forward P/E of 10.99 for its industry.
One should further note that NU currently holds a PEG ratio of 0.49. 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. As the market closed yesterday, the Banks - Foreign industry was having an average PEG ratio of 0.82.
The Banks - Foreign industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 160, finds itself in the bottom 36% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.