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Insights Into Nu (NU) Q3: Wall Street Projections for Key Metrics
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Wall Street analysts expect Nu Holdings Ltd. (NU - Free Report) to post quarterly earnings of $0.22 per share in its upcoming report, which indicates a year-over-year increase of 29.4%. Revenues are expected to be $5.7 billion, up 36.6% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 2.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Nu metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Revenue- Fee and commission income' at $761.42 million. The estimate points to a change of +27.9% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Interest income and gains (losses) on financial instruments' should come in at $5.17 billion. The estimate suggests a change of +44.6% year over year.
Based on the collective assessment of analysts, 'Active customers' should arrive at 127.36 million. Compared to the current estimate, the company reported 105.90 million in the same quarter of the previous year.
Over the past month, Nu shares have recorded returns of -22.8% versus the Zacks S&P 500 composite's -3.3% change. Based on its Zacks Rank #3 (Hold), NU will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Insights Into Nu (NU) Q3: Wall Street Projections for Key Metrics
Wall Street analysts expect Nu Holdings Ltd. (NU - Free Report) to post quarterly earnings of $0.22 per share in its upcoming report, which indicates a year-over-year increase of 29.4%. Revenues are expected to be $5.7 billion, up 36.6% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 2.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Nu metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Revenue- Fee and commission income' at $761.42 million. The estimate points to a change of +27.9% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Interest income and gains (losses) on financial instruments' should come in at $5.17 billion. The estimate suggests a change of +44.6% year over year.
Based on the collective assessment of analysts, 'Active customers' should arrive at 127.36 million. Compared to the current estimate, the company reported 105.90 million in the same quarter of the previous year.
View all Key Company Metrics for Nu here>>>Over the past month, Nu shares have recorded returns of -22.8% versus the Zacks S&P 500 composite's -3.3% change. Based on its Zacks Rank #3 (Hold), NU will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .