PAGS Stock Recent News

PagSeguro Digital Ltd. (PAGS) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.30 per share.

Recurring net income reaches a record R$572 million, up 30% year-on-year;  Revenue growth driven by robust growth in acquiring (TPV) and acceleration of the banking platform SÃO PAULO, Nov. 14, 2024 /PRNewswire/ -- PagBank (NYSE: PAGS), a leading digital bank offering a comprehensive suite of financial services and payment solutions, announced strong results for the third quarter of 2024 (3Q24). The Company reported net revenues of R$4.8 billion in 3Q24 (+20% YoY).

In the closing of the recent trading day, PagSeguro Digital Ltd. (PAGS) stood at $8.12, denoting a +1.37% change from the preceding trading day.

In the most recent trading session, PagSeguro Digital Ltd. (PAGS) closed at $8.06, indicating a +0.25% shift from the previous trading day.

PagSeguro Digital Ltd. (PAGS) concluded the recent trading session at $8.27, signifying a -0.24% move from its prior day's close.

PagSeguro's 2Q24 results showed strong revenue growth (+34% TPV), combined with a conservative loan portfolio. Despite increased costs and expenses, net income grew by 31.7% y/y, supported by new product launches and innovation. The uncertainty surrounding the interest rate trajectory makes me believe that the company's more conservative approach is the correct one. The valuation remains attractive by any metric analyzed.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Despite robust growth in revenue and earnings re-acceleration, PagSeguro's stock remains sensitive to high-interest rates, currently at 10.5%, impacting the stock's sentiment. The company significantly boosted FY2024 TPV guidance by 10%, driven by strong merchant services demand and a focus on medium and large enterprises. The management indicated that TPV growth in 2Q FY2024 was 3 times higher than the industry's growth, implying that the company is gaining market share.

PagSeguro reported solid growth and profitability, beating analyst estimates. However, analysts were worried about margin pressure on new business.

In acquiring, record TPV of 124 billion BRL, three times the industry's growth; i n banking, record revenue of 434 million BRL, +41% higher than the same period in 2023 SÃO PAULO, Aug. 21, 2024 /PRNewswire/ -- PagBank (NYSE: PAGS), a complete digital bank in financial services and payments solution, announces its results for the second quarter of 2024 (2Q24). Among the key highlights of the period, the company recorded a record net income (Non-GAAP) of 542 million BRL (+31% y/y).