STNE Stock Recent News

StoneCo warned investors of an accounting change that could make its next earnings report look a bit rough. The long-term effects of the accounting change should net out, however.

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.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

GEORGE TOWN, Grand Cayman, April 16, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (“Stone”) announces that it will release its first quarter 2024 financial results on Monday, May 13, 2024 after the market closes and will host a conference call that afternoon at 5:00pm ET (6:00pm BRT) to discuss the results.

In the closing of the recent trading day, StoneCo Ltd. (STNE) stood at $16.64, denoting a +0.67% change from the preceding trading day.

StoneCo's strong recovery prospects are supported by its cheap valuation, strong business growth, and expansion in the Latin American market. The company's Q4 FY2023 financial report showed increased margins, market share expansion, and healthy growth in its payments business. As the company's margins have increased and the stock has barely moved due to some misunderstanding, STNE's valuation has become more attractive.

STNE made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 4, 2023.

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?

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.

StoneCo is a fast-growing financial services company serving small- and medium-sized businesses in Brazil. The company came under pressure in recent years due to its struggling lending business.