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
NU Earnings Analysis
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
How does NU typically perform around its earnings report dates?
NU's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a -0.73% change leading up to the report and a -1.73% change in the 10 days following the release.
Is Nu Holdings Ltd. (NU) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
NU Earning Call Sentiment
Nu Holdings Ltd. (NU) Q3 2024 Earnings Call Transcript
NU.N
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