NU Earnings Prediction
The chart below shows how NU performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NU sees a -0.73% change in stock price 10 days leading up to the earnings, and a -1.73% change 10 days following the report. On the earnings day itself, the stock moves by +0.74%. This data can give you a slight idea of what to expect for the next quarter's release.
NU Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.88B
38.64%
3.57%
Gross Margin
--
--
--
Operating Margin
25.10%
26.83%
-3.65%
Net Margin
19.19%
31.71%
9.66%
EPS
0.11
83.33%
10.00%
No Data Available
NU Earnings Analysis
Nu Holdings Ltd. Corporation (NU.N) Earnings Conference Call
Positive
Customer Base Expansion: Consistent customer growth, achieving 110 million customers by the end of the quarter, reflecting a 56% increase from 70 million recorded just two years ago.
Customer Growth in Brazil: Strong customer additions in Brazil continue to fuel growth, with an average of 1.1 million new customers each month, bringing the total to 98.8 million at quarter-end.
Revenue Surge Analysis: Revenue surged to $2.9 billion, driven by successful cross-sell and up-sell efforts, reflecting a 56% year-over-year increase.
Gross Profit Surge: Gross profit stands at $1.3 billion, marking a 67% year-over-year growth, with a gross margin of 45.8%.
Net Income and ROE Growth: Net income reached $553 million, leading to an annualized return on equity of 30%, with adjusted net income hitting $592 million, expanding 10% sequentially and 89% year-over-year.
Negative
Customer Growth Decline: Customer growth decreased by 10 basis points from last quarter to 4.4%.
NPL Risk Increase: 90-plus NPLs increased by 20 basis points to 7.2%, indicating a rise in risk.
FX Depreciation Impact: The average FX has depreciated, impacting the financial results negatively.
Credit Card Growth Slowdown: The number of active credit cards has been slowing down to around 38 million, despite adding 3.4 million clients in Brazil.
Provisioning Growth Discrepancy: Provisioning levels grew only 6% quarter-over-quarter, indicating a mismatch with loan growth.
NU FAQs
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NU Earning Call Sentiment
Nu Holdings Ltd. (NU) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
NU.N
1.86%Positive
The earnings call summary indicates strong financial performance with record high revenue and net income growth. Despite some concerns in the Q&A about asset quality and NIM, management's optimistic guidance on expanding market share and improving product offerings supports a positive sentiment. The absence of share buybacks or dividends is neutral, but the overall financial health and strategic growth plans suggest a positive stock price movement.
