STNE Stock Recent News

StoneCo stock has shown significant underperformance over the past quarters despite overall market strength. As I see it, StoneCo's Q2 results show impressive MSMB client growth, improved cost management, and potential for further buybacks to enhance shareholder value. I see that a recovery trend may have already started in July 2022. The nearest resistance target is now ~28% above the current price.

Adjusted net income was R$ 497 million, a 54% increase compared to the same period last year Adjusted EBT of R$ 652 million increased by 46% compared to the second quarter of 2023 Total Payment Volume (TPV) of SMEs had an annual growth of 25%, also considering PIX transactions SÃO PAULO, Aug. 15, 2024 /PRNewswire/ -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) delivered a strong second quarter, marked by solid TPV growth and continued advancements in Credit and Banking.

StoneCo Ltd. (STNE) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.34 per share.

StoneCo Ltd. (NASDAQ:STNE ) Q2 2024 Results Conference Call August 14, 2024 5:00 PM ET Company Participants Roberta Noronha - Head of IR Pedro Zinner - CEO Lia Matos - Chief Strategy Officer and Chief Marketing Officer Mateus Scherer - CFO and IR Officer Conference Call Participants Mario Pierry - Bank of America Eduardo Rosman - BTG Neha Agarwala - HSBC Tiago Binsfeld - Goldman Sachs Kaio Da Prato - UBS Jorge Kuri - Morgan Stanley Gustavo Schroden - Bradesco BBI Yuri Fernandes - JP Morgan Renato Meloni - Autonomous Research Gabriel Gusan - Citi Operator Good evening, everyone.

GEORGE TOWN, Grand Cayman, Aug. 14, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (“Stone” or the “Company”) today reports its financial results for its second quarter ended June 30, 2024.

StoneCo's (STNE) Q2 top-line results are likely to be hurt by weakness at TAG business, offset by its cost management approaches, such as shared-services centers and zero-based budgeting.

StoneCo (STNE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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?

StoneCo Ltd. (STNE) concluded the recent trading session at $12.11, signifying a -0.9% move from its prior day's close.

Zacks.com users have recently been watching StoneCo (STNE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.