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Despite underperformance, StoneCo's stock is undervalued with promising unit economics and expected EPS growth, justifying a bullish rating. Q2 2024 results showed strong performance in payments, banking, and credit segments, with significant revenue and EPS growth. Management's efficient capital deployment and ambitious growth targets suggest potential for substantial profitability and market penetration.
In the closing of the recent trading day, StoneCo Ltd. (STNE) stood at $11.11, denoting a -1.68% change from the preceding trading day.
GEORGETOWN, Cayman Islands, Sept. 20, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) today announced an additional board change to support the next stage of the Company's growth.
StoneCo Ltd. (STNE) reachead $12.40 at the closing of the latest trading day, reflecting a +1.31% change compared to its last close.
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StoneCo stock has shown significant underperformance over the past quarters despite overall market strength. As I see it, StoneCo's Q2 results show impressive MSMB client growth, improved cost management, and potential for further buybacks to enhance shareholder value. I see that a recovery trend may have already started in July 2022. The nearest resistance target is now ~28% above the current price.
Adjusted net income was R$ 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.