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Nu Holdings Ltd. (NU) Stock Moves -1.2%: What You Should Know
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Nu Holdings Ltd. (NU - Free Report) closed the most recent trading day at $4.12, moving -1.2% from the previous trading session. This move was narrower than the S&P 500's daily loss of 2.37%. Meanwhile, the Dow lost 1.35%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Prior to today's trading, shares of the company had lost 24.32% over the past month. This has lagged the Business Services sector's loss of 11.5% and the S&P 500's loss of 6.51% in that time.
Wall Street will be looking for positivity from Nu Holdings Ltd. as it approaches its next earnings report date.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.01 per share and revenue of $4.08 billion. These totals would mark changes of 0% and +140.4%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Nu Holdings Ltd.These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 has moved 83.33% lower. Nu Holdings Ltd. is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Nu Holdings Ltd. currently has a Forward P/E ratio of 312.75. Its industry sports an average Forward P/E of 21.38, so we one might conclude that Nu Holdings Ltd. is trading at a premium comparatively.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 124, which puts it in the top 50% of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Nu Holdings Ltd. (NU) Stock Moves -1.2%: What You Should Know
Nu Holdings Ltd. (NU - Free Report) closed the most recent trading day at $4.12, moving -1.2% from the previous trading session. This move was narrower than the S&P 500's daily loss of 2.37%. Meanwhile, the Dow lost 1.35%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Prior to today's trading, shares of the company had lost 24.32% over the past month. This has lagged the Business Services sector's loss of 11.5% and the S&P 500's loss of 6.51% in that time.
Wall Street will be looking for positivity from Nu Holdings Ltd. as it approaches its next earnings report date.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.01 per share and revenue of $4.08 billion. These totals would mark changes of 0% and +140.4%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Nu Holdings Ltd.These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 has moved 83.33% lower. Nu Holdings Ltd. is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Nu Holdings Ltd. currently has a Forward P/E ratio of 312.75. Its industry sports an average Forward P/E of 21.38, so we one might conclude that Nu Holdings Ltd. is trading at a premium comparatively.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 124, which puts it in the top 50% of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.