Cross-border payment platform dLocal can now facilitate Pix payments directly within the Open Finance ecosystem, without redirecting users to bank apps. The company gained this ability by becoming a certified Payment Initiation Service Provider (PISP) in Brazil, authorized by the Central Bank, dLocal said in a Tuesday (Nov. 26) press release.
After reaching an important support level, DLocal (DLO) could be a good stock pick from a technical perspective. DLO surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.
DLocal (DLO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
1 High-Growth Stock Down 50% to Buy Hand Over Fist
DLocal's stock is fairly valued at 16x next year's free cash flow, balancing growth potential with emerging market risks. The company is debt-free with $560 million in cash, reinforcing its strong financial position. DLocal's strategic expansion and robust transaction pipelines position it well for growth in emerging markets.
DLocal Limited (NASDAQ:DLO ) Q3 2024 Earnings Conference Call November 13, 2024 6:00 PM ET Corporate Participants Pedro Arnt - Chief Executive Officer Maria Oldham - SVP Corporate Development, IR & Strategic Finance Mark Ortiz - Chief Financial Officer Conference Call Participants Beatriz Abreu - Goldman Sachs Guilherme Grespan - JPMorgan James Friedman - Susquehanna International Group Neha Agarwala - HSBC John Coffey - Barclays Cassie Chan - Bank of America Operator Hello, and thank you for standing by. Welcome to the DLocal Third Quarter 2024 Results Conference Call.
DLocal (DLO) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.16 per share a year ago.
DLocal excels in emerging markets, but is a small player compared to giants like Block and PayPal. Despite its size, DLocal has strong executive alignment, with 48.45% insider ownership and co-founder involvement on the board. Gross margins have significantly declined from 65% to 41%, raising concerns, but revenue growth remains robust at 26-27% annually.
DLocal Limited operates a leading digital payment processing platform in many emerging markets, with rapid growth slowing somewhat in 2024. Shares have moved from extremely overvalued to undervalued territory, over the 3 years since its IPO, on a price slide of -80%. The company services major clients like Amazon, Microsoft, Google, Spotify, Nike, Uber, Booking.com, Shein, Temu, and many others, processing payments in 40+ local currencies.
This South American company is still profitable and growing fast.
DLocal Limited (NASDAQ:DLO ) Q2 2024 Earnings Conference Call August 14, 2024 5:00 PM ET Company Participants Pedro Arnt - Chief Executive Officer Maria Oldham - Senior Vice President of Corporate Development, Investor Relations & Strategic Finance Mark Ortiz - Chief Financial Officer Conference Call Participants Tito Labarta - Goldman Sachs Soomit Datta - New Street Research Guilherme Grespan - JPMorgan Carlos Gomez - HSBC Cassie Chan - Bank of America John Coffey - Barclays Jamie Friedman - Susquehanna International Group Matt Coad - Autonomous Research Operator Good day, and thank you for standing by. Welcome to the DLocal Second Quarter 2024 Results Conference Call.
DLocal (DLO) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.15 per share a year ago.