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?
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.