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Nubank (NU) Reports Q4: Everything You Need To Know Ahead Of Earnings

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NU Cover Image

Digital banking platform Nubank (NYSE: NU) will be reporting results this Thursday after market hours. Here’s what investors should know.

Nubank beat analysts’ revenue expectations last quarter, reporting revenues of $3.08 billion, up 36.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ revenue estimates and EPS in line with analysts’ estimates.

Is Nubank a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Nubank’s revenue to grow 41.5% year on year, improving from the 21.5% increase it recorded in the same quarter last year.

Nubank Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Nubank has missed Wall Street’s revenue estimates multiple times over the last two years.

With Nubank being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for consumer finance stocks. However, there has been positive investor sentiment in the segment, with share prices up 2.2% on average over the last month. Nubank is down 10.3% during the same time .

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