StoneCo Ltd reports results for the quarter ended September 30 - Earnings Summary

StoneCo

13/11/2024 14:24

* StoneCo Ltd  STNE.OQ  reported quarterly adjusted earnings
of
R$1.93​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of R$1.32.  The mean expectation of eight analysts for the
quarter was for earnings of R$1.77 per share. Wall Street
expected results to range from $1.71  to R$1.87 per share.
    * Revenue rose 6.9% to R$3.36 billion from a year ago;
analysts
expected R$3.38 billion. 
    * StoneCo Ltd's reported EPS for the quarter was R$1.78​.
    * The company reported quarterly net income of R$542.88
million.
    * StoneCo Ltd shares had risen by 2.9% this quarter and
lost 35.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
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 "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"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
16.00 
This summary was machine generated from LSEG data November 13 at
02:23 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
 Sep. 30 2024                     1.93           
 Jun. 30 2024      1.52           1.61           Beat
 Mar. 31 2024                     1.42           
 Dec. 31 2023      1.47           1.76           Beat