This Unstoppable Fintech Keeps Crushing Analyst Estimates
Investors love companies that consistently beat earnings estimates. One that has now done so in three of the past four reported quarters is the rapidly up-and-coming Brazilian fintech Nu Holdings (NYSE: NU). Here's a look at how rapidly the company has been growing, and why it's been topping expectations so routinely of late.
Nu Holdings was quite the standout in the market's latest quarterly earnings season. In mid-August, the company unveiled its latest set of figures, revealing an impressive level of growth in numerous financial metrics, and headline numbers that blew past analyst projections.
For its second quarter, Nu Holdings managed to improve its revenue by a very hearty 60% on a year-over-year basis to $1.9 billion. That, by the way, set a new all-time quarterly record for the company, and it was comfortably above the average prognosticator estimate.
Source Fool.com
