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Investors looking for stocks in the Internet - Software sector might want to consider either StoneCo Ltd. (STNE) or Paycor HCM, Inc. (PYCR).
In the most recent trading session, StoneCo Ltd. (STNE) closed at $11.32, indicating a +1.98% shift from the previous trading day.
StoneCo (STNE -0.54%) stock rose higher this week thanks to better-than-expected quarterly results. The Brazil-based fintech company's share price gained 14.2% across the week's trading, according to data from S&P Global Market Intelligence.
StoneCo reported strong revenue growth of 11% YoY and 7.5% QoQ, driven by financial revenues and a significant increase in processed volumes with micro, small, and medium-sized companies. Despite some cost pressures, margins were maintained with a gross margin increase of 0.8% YoY. The credit portfolio grew fourfold, though NPLs remain a concern. StoneCo achieved an adjusted net income of BRL 665.6 million in Q4 2024, up 18.1% YoY, and projected further growth in 2025 with a focus on capital returns.
StoneCo Ltd. (NASDAQ:STNE ) Q4 2024 Earnings Conference Call March 18, 2025 5:00 PM ET Company Participants Pedro Zinner - Chief Executive Officer Lia Matos - Strategy and Marketing Officer Mateus Scherer - Chief Financial and Investor Relations Officer Roberta Noronha - Head, Investor Relations Conference Call Participants Eduardo Rosman - BTG Mario Pierry - Bank of America Tito Labarta - Goldman Sachs Daniel Vaz - Safra Renato Meloni - Autonomous Research Yuri Fernandes - JP Morgan Jamie Friedman - Susquehanna Operator Good evening, everyone.
StoneCo Ltd. (STNE) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.32 per share.
George Town, Grand Cayman--(Newsfile Corp. - March 18, 2025) - StoneCo Ltd. (Nasdaq: STNE) ("Stone" or the "Company") today reported its financial results for the fourth quarter and fiscal year ended in December 31, 2024, in a Earnings Release and Presentation which is now posted to the company's Investor Relations website https://investors.stone.co/.
StoneCo's 4Q24 expectations are modest, with softer guidance for Fiscal 2025 due to Brazil's economic challenges. High inflation and interest rate hikes in Brazil are affecting StoneCo's performance and outlook. StoneCo's current valuation, with a forward P/E ratio of 7.7x, suggests it's undervalued.
In the closing of the recent trading day, StoneCo Ltd. (STNE) stood at $9.18, denoting a -0.86% change from the preceding trading day.
Brazilian software company Totvs said on Thursday it has decided to withdraw from the competitive process to buy StoneCo's unit Linx, according to a securities filing.