Company Performance - Nu Holdings Ltd. reported quarterly earnings of 0.09 per share a year ago [1] - The company posted revenues of 2.74 billion year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times, but has not beaten consensus revenue estimates [2][1] Stock Movement and Outlook - Nu shares have increased by approximately 25% since the beginning of the year, contrasting with a -0.6% decline in the S&P 500 [3] - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call [3] - The current consensus EPS estimate for the upcoming quarter is 3.7 billion, and for the current fiscal year, it is 15.44 billion [7] Industry Context - The Zacks Industry Rank for Banks - Foreign is currently in the top 6% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]
Nu Holdings Ltd. (NU) Matches Q1 Earnings Estimates