PagSeguro DigitalNYSE: PAGS

Shares of PagSeguro Digital Ltd PAGS were trading down on Wednesday.

PagSeguro's 1Q24 results exceeded market estimates, beating revenue estimates by 6.9% and profit estimates by 9.4%. The company is expanding its low-risk and profitable products while launching new and promising ones. Despite the positive factors, PAGS trades with a P/E discount of more than 9% to its peers.

PagSeguro Digital Ltd. (PAGS) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.30 per share.

TPV reached 112 billion BRL (+27% YoY), more than twice the industry's growth and 31 billion BRL in deposits, reinforcing the balance sheet for expansion of receivables anticipation and credit concession. SÃO PAULO, May 24, 2024 /PRNewswire/ -- PagBank (NYSE: PAGS), a complete digital bank in financial services and payments solution and one of the largest digital banks in Brazil, announces its results for the first quarter of 2024 (Q124).

PagSeguro (PAGS) is expected to have seen a weak top line in first-quarter 2024, while the bottom line is likely to have increased.

Investors frequently turn to the advice of Wall Street analysts to make decisions on whether to buy, sell, or hold a stock. The stock prices can be influenced by media coverage of analysts employed by brokerage firms, known as sell-side analysts, changing their ratings.

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PagSeguro Digital (PAGS) is in a strong position to surpass the market, thanks to its exceptional financial growth.

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