StoneCo Ltd reports results for the quarter ended in December - Earnings Summary

StoneCo

18/03/2024 21:48

* StoneCo Ltd  STNE.OQ  reported quarterly adjusted earnings
of
R$1.76​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 72 centavos.  The mean expectation of ten analysts for the
quarter was for earnings of R$1.47 per share. Wall Street
expected results to range from R$1.17  to R$1.62 per share.
    * Revenue rose 20.1% to R$3.25 billion from a year ago;
analysts
expected R$3.42 billion. 
    * The company reported quarterly net income of R$572.24
million.
    * StoneCo Ltd shares had fallen by 4.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 5
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the financial
technology (fintech) peer group is also "hold"

Wall Street's median 12-month price target for StoneCo Ltd is
$19.00 
This summary was machine generated from LSEG data March 18 at
09:47 p.m. UTC. ​All figures in Brazilian reais unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.47           1.76           Beat
 Sep. 30 2023      1.12           1.32           Beat
 Jun. 30 2023      0.87           0.94           Beat
 Mar. 31 2023      0.68           0.73           Beat