In This Article:
The most recent trading session ended with Nu Holdings Ltd. (NU) standing at $10.59, reflecting a +1.53% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.67% for the day. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, added 0.87%.
Shares of the company witnessed a loss of 0.29% over the previous month, beating the performance of the Finance sector with its loss of 3.32% and the S&P 500's loss of 5.28%.
The investment community will be closely monitoring the performance of Nu Holdings Ltd. in its forthcoming earnings report. The company is predicted to post an EPS of $0.11, indicating a 22.22% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $3.44 billion, indicating a 25.85% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.55 per share and revenue of $15.39 billion, which would represent changes of +22.22% and +33.67%, respectively, from the prior 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. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Nu Holdings Ltd. currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Nu Holdings Ltd. currently has a Forward P/E ratio of 19.08. For comparison, its industry has an average Forward P/E of 9.29, which means Nu Holdings Ltd. is trading at a premium to the group.
It's also important to note that NU currently trades at a PEG ratio of 0.4. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Banks - Foreign industry currently had an average PEG ratio of 1.01 as of yesterday's close.