Wall Street analysts forecast that Nu Holdings Ltd. (NYSE:NU – Get Rating) will report sales of $1.02 billion for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for NU’s earnings. The lowest sales estimate is $1.00 billion and the highest is $1.03 billion. The firm is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that NU will report full-year sales of $3.71 billion for the current fiscal year, with estimates ranging from $2.48 billion to $4.34 billion. For the next financial year, analysts forecast that the firm will post sales of $5.60 billion, with estimates ranging from $3.51 billion to $6.73 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for NU.
Several brokerages have recently issued reports on NU. Zacks Investment Research downgraded NU from a “buy” rating to a “hold” rating in a research report on Friday. Moffett Nathanson assumed coverage on NU in a research report on Tuesday, April 5th. They set a “buy” rating and a $11.00 target price on the stock. Bradesco Corretora assumed coverage on NU in a report on Wednesday, February 16th. They issued an “underperform” rating and a $5.00 price objective on the stock. Susquehanna Bancshares cut their price objective on NU from $14.00 to $10.00 in a report on Friday, May 13th. Finally, Susquehanna lowered their target price on NU from $14.00 to $10.00 in a research note on Friday, May 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.48.
Several hedge funds have recently modified their holdings of the company. Flossbach Von Storch AG acquired a new position in shares of NU in the 4th quarter worth $1,407,000. JPMorgan Chase & Co. acquired a new stake in NU during the fourth quarter valued at $108,091,000. Envestnet Asset Management Inc. acquired a new stake in NU during the fourth quarter valued at $3,957,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in NU during the fourth quarter valued at $170,000. Finally, Toronto Dominion Bank acquired a new stake in NU during the fourth quarter valued at $208,000. Institutional investors own 70.71% of the company’s stock.
NU Company Profile (Get Rating)
Nu Holdings Ltd. operates as a digital financial services platform and technology company primarily in Brazil, Mexico, and Colombia. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.
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