Yahoo Finance Nu Holdings Ltd. (NU) Rises Higher Than Market: Key Facts
Nu Holdings Ltd. (NU) closed the latest trading day at $12.84, indicating a +0.16% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.1%. Meanwhile, the Dow lost 0.08%, and the Nasdaq, a tech-heavy index, added 0.28%.
Prior to today's trading, shares of the company had gained 7.82% over the past month. This has outpaced the Business Services sector's gain of 2.1% and the S&P 500's gain of 4.08% in that time.
Investors will be eagerly watching for the performance of Nu Holdings Ltd. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.10, showcasing a 66.67% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $2.9 billion, showing a 55.35% escalation compared to the year-ago quarter.
NU's full-year Zacks Consensus Estimates are calling for earnings of $0.41 per share and revenue of $12.25 billion. These results would represent year-over-year changes of +70.83% and +52.56%, respectively.
It is also important to note the recent changes to analyst estimates 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 company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. The Zacks Consensus EPS estimate has moved 1.23% higher within the past month. At present, Nu Holdings Ltd. boasts a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Nu Holdings Ltd. has a Forward P/E ratio of 31.27 right now. This signifies a premium in comparison to the average Forward P/E of 22.17 for its industry.
One should further note that NU currently holds a PEG ratio of 0.6. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Technology Services industry had an average PEG ratio of 1.45 as trading concluded yesterday.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 62, placing it within the top 25% of over 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.
To follow NU in the coming trading sessions, be sure to utilize Zacks.com.
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Nu Holdings Ltd. (NU) : Free Stock Analysis Report
