We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nu Holdings Ltd. (NU) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Nu Holdings Ltd. (NU - Free Report) closed at $7.74 in the latest trading session, marking a -1.15% move from the prior day. This move lagged the S&P 500's daily gain of 0.03%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.12%.
Prior to today's trading, shares of the company had lost 0.89% over the past month. This has lagged the Business Services sector's gain of 1.49% and the S&P 500's gain of 1.66% in that time.
Nu Holdings Ltd. will be looking to display strength as it nears its next earnings release, which is expected to be August 15, 2023. Our most recent consensus estimate is calling for quarterly revenue of $1.75 billion, up 51.39% from the year-ago period.
NU's full-year Zacks Consensus Estimates are calling for earnings of $0.17 per share and revenue of $7.5 billion. These results would represent year-over-year changes of +325% and +56.43%, respectively.
It is also important to note the recent changes to analyst estimates for Nu Holdings Ltd.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Nu Holdings Ltd. is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that Nu Holdings Ltd. has a Forward P/E ratio of 46.98 right now. This represents a premium compared to its industry's average Forward P/E of 22.61.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Nu Holdings Ltd. (NU) Stock Sinks As Market Gains: What You Should Know
Nu Holdings Ltd. (NU - Free Report) closed at $7.74 in the latest trading session, marking a -1.15% move from the prior day. This move lagged the S&P 500's daily gain of 0.03%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.12%.
Prior to today's trading, shares of the company had lost 0.89% over the past month. This has lagged the Business Services sector's gain of 1.49% and the S&P 500's gain of 1.66% in that time.
Nu Holdings Ltd. will be looking to display strength as it nears its next earnings release, which is expected to be August 15, 2023. Our most recent consensus estimate is calling for quarterly revenue of $1.75 billion, up 51.39% from the year-ago period.
NU's full-year Zacks Consensus Estimates are calling for earnings of $0.17 per share and revenue of $7.5 billion. These results would represent year-over-year changes of +325% and +56.43%, respectively.
It is also important to note the recent changes to analyst estimates for Nu Holdings Ltd.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Nu Holdings Ltd. is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that Nu Holdings Ltd. has a Forward P/E ratio of 46.98 right now. This represents a premium compared to its industry's average Forward P/E of 22.61.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.