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

StoneCo

13/05/2024 22:22

* StoneCo Ltd  STNE.OQ  reported quarterly adjusted earnings
of
R$1.42​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 73
centavos.  The mean expectation of ten analysts for the quarter
was for earnings of R$1.43 per share. Wall Street expected
results to range from R$1.17  to R$1.61 per share.
    * Revenue rose 13.8% to R$3.08 billion from a year ago;
analysts
expected $3.09 billion. 
    * StoneCo Ltd's reported EPS for the quarter was R$1.21​.
    * The company reported quarterly net income of R$373.6
million.
    * StoneCo Ltd shares had fallen by 0.1% this quarter and
lost 7.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.9%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 6
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the financial
technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for StoneCo Ltd is
$20.00 
This summary was machine generated from LSEG data May 13 at
09:22 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
 Mar. 31 2024      1.43           1.42           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