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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).
Some LatAm fintechs offer growth potential with cheap valuations, such as Nu Holdings, but alternatives like PagSeguro have more attractive valuations. PagSeguro's Q2 earnings show strong momentum with revenue growth, operational indicators, and credit portfolio improvements, leading to increased net income and revised guidance. Despite risks including macroeconomic, exchange rate, and competition, PagSeguro's valuation remains a strong aspect of the investment thesis, offering potential upside for investors.
PagSeguro Digital Ltd. (NYSE:PAGS ) Q2 2024 Results Conference Call August 20, 2024 5:00 PM ET Company Participants Eric Oliveira - Head, Investor Relations Ricardo Dutra - Principal Executive Officer Alexandre Magnani - Chief Executive Officer Artur Schunck - Chief Financial Officer Conference Call Participants Kaio Prato - UBS Pedro Leduc - Itau BBA Mario Pierry - Bank of America Tito Labarta - Goldman Sachs Neha Agarwala - HSBC Jorge Kuri - Morgan Stanley John Coffey - Barclays Yuri Fernandes - JPMorgan Bryan Keane - Deutsche Bank Gustavo Schroden - Bradesco BBI Gabriel Gusan - Citi Renato Meloni - Autonomous Research William Tang - Susquehanna International Group Operator Good evening.
PagSeguro Digital Ltd. (PAGS) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.31 per share.
Red ink is usually never a pleasant sign, especially after you acquired a significant position in certain publicly traded companies. Nevertheless, cheap stocks also provide a long-term opportunity for forward-thinking speculators.
In the latest trading session, PagSeguro Digital Ltd. (PAGS) closed at $13.35, marking a +1.14% move from the previous day.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
PagSeguro Digital Ltd. (PAGS) closed at $13.37 in the latest trading session, marking a -1.98% move from the prior day.
Shares of PagSeguro Digital Ltd PAGS were trading down on Wednesday.