Nu Holdings Ltd. (NU) closed the most recent trading day at $16.97, moving +2.23% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 2.06% for the day. Elsewhere, the Dow saw a downswing of 1.76%, while the tech-heavy Nasdaq depreciated by 2.39%.
Shares of the company witnessed a loss of 0.12% over the previous month, trailing the performance of the Finance sector with its gain of 1.72%, and the S&P 500's gain of 1.63%.
Investors will be eagerly watching for the performance of Nu Holdings Ltd. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.18, indicating a 50% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.54 billion, up 51.81% from the year-ago period.
NU's full-year Zacks Consensus Estimates are calling for earnings of $0.6 per share and revenue of $15.63 billion. These results would represent year-over-year changes of +33.33% and 0%, respectively.
Any recent changes to analyst estimates for Nu Holdings Ltd. should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Nu Holdings Ltd. presently features a Zacks Rank of #2 (Buy).
With respect to valuation, Nu Holdings Ltd. is currently being traded at a Forward P/E ratio of 19.53. This signifies a premium in comparison to the average Forward P/E of 11.26 for its industry.
Also, we should mention that NU has a PEG ratio of 0.55. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Banks - Foreign stocks are, on average, holding a PEG ratio of 0.98 based on yesterday's closing prices.
The Banks - Foreign industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 67, placing it within the top 28% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.
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Nu Holdings Ltd. (NU): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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