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XP Inc. (NASDAQ:XP ) Q1 2022 Earnings Conference Call May 3, 2022 5:00 PM ET Company Participants Andre Martins – Head of Investor Relations Bruno Constantino – Chief Financial Officer Thiago Maffra – Chief Executive Officer Conference Call Participants Thiago Batista – UBS Jorge Kuri – Morgan Stanley Otavio Tanganelli – Bradesco Tito Labarta – Goldman Sachs Marcelo Telles – Credit Suisse Mario Pierry – Bank of America Andre Martins Okay, good evening, everyone. Welcome to XP's Earning Call for the First Quarter of 2022.
XP Inc.A (XP) delivered earnings and revenue surprises of -9.68% and 6.62%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
XP increased its revenue by 47% in fiscal year 2021 compared to fiscal year 2020. This growth in revenue shows that the company is on track.
Charlie Wilson, a portfolio manager at Thornburg Investment Management, has a $55 price target by fiscal 2023 for the Brazilian financial services company.