Yahoo Finance Nu Holdings (NU) to Post Q1 Earnings: What's in the Offing?
Nu Holdings Ltd. NU is scheduled to release its first-quarter 2023 results on May 15, after the bell. The company posted an earnings surprise of 400% in the fourth quarter of 2022.
Expectations This Time Around
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $1.51 billion, indicating growth of 4% sequentially. The top line is likely to have benefited from customer additions, product upsells, as well as cross sell, higher purchase volumes, and an average revenue per active customer expansion.
The Zacks Consensus Estimate for the bottom line is pegged at 3 cents, indicating no movement sequentially. The bottom line in the quarter is expected to have been positively impacted by operating efficiency.
Nu Holdings Ltd. Price and EPS Surprise
Nu Holdings Ltd. price-eps-surprise | Nu Holdings Ltd. Quote
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Nu Holdings this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, this is not the case here, as elaborated below. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Nu Holdings has an Earnings ESP of 0.00% and a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Recent Earnings Snapshots of Some Service Providers
Omnicom OMC reported better-than-expected first-quarter 2023 results.
OMC’s earnings of $1.56 per share beat the Zacks Consensus Estimate by 13% and our estimate by 11.4%. EPS increased 12.2% year over year. Total revenues of $3.4 billion surpassed the consensus estimate by 2.3% and our estimate by 1.4%. The top line increased 1% year over year.
Equifax EFX also reported better-than-expected first-quarter 2023 results.
EFX’s adjusted earnings came in at $1.43, beating the consensus mark by 4.4% but declining 35.6% from the year-ago figure. Total revenues of $1.3 billion surpassed the consensus estimate by 1.5% but decreased 4.5% year over year.
ManpowerGroup MAN reported lower-than-expected first-quarter 2023 results.
MAN’s adjusted earnings of $1.61 per share lagged the consensus mark by 0.6% but matched our estimate. Revenues of $4.8 billion missed the consensus mark by 1.3% and our estimate by a slight margin. The top line decreased 7.6% year over year.
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ManpowerGroup Inc. (MAN) : Free Stock Analysis Report
Omnicom Group Inc. (OMC) : Free Stock Analysis Report
Nu Holdings Ltd. (NU) : Free Stock Analysis Report
Equifax, Inc. (EFX) : Free Stock Analysis Report
