Key keywords: Nu Holdings Q1 2024 earnings, Nu stock rally potential, Nubank Q1 financial results, Latin American fintech earnings, Nu Holdings investor call, Nubank revenue growth, Nu Holdings adjusted net income, Nubank user growth Nu Holdings, the parent company of Latin America’s largest digital bank Nubank, is set to release its first-quarter 2024 financial results after the U.S. market close tonight, with investors and analysts closely watching metrics that could signal whether the stock is poised for a long-awaited rebound after three months of downward pressure. Over the past 90 days, NU shares have fallen roughly 14% amid broader market concerns over rising competition in the Latin American fintech space, uncertainty around interest rate trajectories in core markets Brazil, Mexico and Colombia, and broader sell-offs in emerging market financial stocks. The dip comes after a strong 2023 performance that saw NU deliver 4 consecutive quarters of positive adjusted net income, beating analyst expectations 7 out of the past 8 quarters. Ahead of the earnings call, consensus analyst estimates peg Q1 revenue at $1.82 billion, representing 22% year-over-year growth, while adjusted earnings per share are expected to come in at $0.09. Analysts are also projecting monthly active users (MAUs) to hit 91.2 million, up 15% from the same period last year, as Nubank continues to capture market share from traditional brick-and-mortar banks across the region. The most closely watched metrics for tonight’s release include non-performing loan (NPL) ratios, full-year 2024 guidance, and growth in high-margin product lines including personal loans, credit cards and small business lending. In the prior quarter, NU reported a 12 basis point drop in NPLs to 3.9%, a signal that its risk management frameworks are holding up despite volatility in the Brazilian consumer credit market. Investors are also looking for clarity on the company’s expansion plans, including its rollout of insurance products and investment services that are expected to boost average revenue per user (ARPU) over the next two years. Notably, Warren Buffett’s Berkshire Hathaway remains one of NU’s largest institutional shareholders, holding a 10.4% stake as of the end of Q1 2024, a position that has given many long-term investors confidence in the company’s long-term growth trajectory. If NU beats both top and bottom line estimates and raises its full-year revenue guidance above the current $7.35 billion consensus, market strategists predict the stock could jump between 7% and 12% in after-hours trading, with potential for further upside in the coming weeks as short sellers cover their positions. Short interest currently sits at 7.8% of NU’s public float, meaning a positive surprise could trigger a short squeeze that amplifies any rally.