STNE benefits from strong growth in MSMB and an expanding credit portfolio despite increased competition and macro uncertainties.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
StoneCo announces a new share repurchase program worth R$ 2 billion to boost shareholder value.
StoneCo's stock has dropped over 22% post-Q3 results, attributed to macroeconomic headwinds and market-driven factors, presenting a potential buying opportunity for patient investors. Higher interest rates in Brazil and rising inflation are impacting StoneCo's financial services segment, delaying visible improvements in financial performance. Company-specific issues include a maturing payments acquiring business, slower client growth, and the overpaid acquisition of Linx software, affecting investor sentiment.
Investors interested in Internet - Software stocks are likely familiar with StoneCo Ltd. (STNE) and Paycor HCM, Inc. (PYCR).
StoneCo Ltd. is a "Buy" despite recent stock underperformance, driven by strong Q3 FY2024 earnings and promising long-term growth prospects. STNE's Q3 FY2024 highlights include a 7% YoY revenue increase, a 35% YoY adjusted EBIT growth, and a 43% YoY rise in adjusted EPS. I think the stock's decline is attributed to macroeconomic concerns, not company performance, making it an attractive buy at current valuations.
Down 90%, Should You Buy StoneCo Stock Right Now?
StoneCo Ltd. (NASDAQ:STNE ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Pedro Zinner - Chief Executive Officer Lia Matos - Chief Strategy and Marketing Officer Mateus Scherer - Chief Financial and Investor Relations Officer Conference Call Participants Tito Labarta - Goldman Sachs Daniel Vaz - Safra Mario Pierry - Bank of America Neha Agarwala - HSBC James Friedman - SIG Guilherme Grespan - JPMorgan Renato Meloni - Autonomous Research Kaio Da Prato - UBS William Barranjard - Itau BBA John Coffey - Barclays Operator Good evening, everyone.
StoneCo Ltd. (STNE) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share.
Brazilian payments firm StoneCo posted on Tuesday a 35% increase in its third-quarter adjusted net profit from a year earlier, beating analysts' estimates.
STNE's Q3 results are expected to reflect the benefits of robust TPV growth and an expanding credit portfolio.
StoneCo Ltd. (STNE) closed at $11.35 in the latest trading session, marking a -1.39% move from the prior day.