Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
Cayman IslandsIPO:
25 October 2018Website:
http://www.stone.coNext earnings report:
16 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:34:40 GMTDividend
Analysts recommendations
Institutional Ownership
STNE Latest News
StoneCo Ltd. (STNE) concluded the recent trading session at $11.99, signifying a -0.66% move from its prior day's close.
StoneCo is a Brazilian fintech company providing payment, software, and banking solutions for MSMBs. Despite recent volatility, StoneCo has undergone structural renewal and is projected to have over 30% CAGR in adjusted net income until 2027. StoneCo's business includes payments, software, and banking segments which create a strong ecosystem around the business services.
The financial services company is focusing on profitable growth.
StoneCo (STNE) has been upgraded to a Zacks Rank #2 (Buy), indicating increased confidence in the company's earnings potential. This could lead to a rise in the stock price in the short run.
StoneCo Ltd. (NASDAQ:STNE) held its Q1 2024 Earnings Conference Call on May 13, 2024 at 5:00 PM ET. Present at the call were Roberta Noronha, Pedro Zinner, Lia Matos, Mateus Scherer, and Gregor Ilg. Various analysts and representatives from financial institutions also participated in the call. The operator greeted the attendees and welcomed them to the evening call.
StoneCo Ltd. (STNE) reported quarterly earnings of $0.29 per share, surpassing the Zacks Consensus Estimate of $0.28 per share.
StoneCo (STNE) has a strong track record of surpassing earnings expectations and is well positioned for another positive surprise in its upcoming quarterly report.
StoneCo Ltd. (STNE) closed at $15.74 in the most recent trading session, showing a 0.9% increase from its previous close.
At Zacks, we prioritize the reliable Zacks Rank system that highlights earnings estimates and revisions to identify top stocks. However, we also stay informed about current value, growth, and momentum trends to highlight strong selections.
When investors are considering whether to buy, sell, or hold a stock, they frequently look to analyst recommendations for guidance. The impact of media coverage on rating changes made by these analysts, who are employed by brokerage firms, can influence a stock's price, but their significance is questionable.
What type of business is StoneCo?
StoneCo Ltd. provides financial technology solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and technology and solutions to digital merchants through sales and technical personnel and software vendors, as well as sells solutions to brick-and-mortar and digital merchants through sales team. As of December 31, 2021, the company served approximately 1,766,100 clients primarily small-and-medium-sized businesses; and marketplaces, e-commerce platforms, and integrated software vendors. StoneCo Ltd. was founded in 2000 and is headquartered in George Town, the Cayman Islands. StoneCo Ltd. operates as a subsidiary of HR Holdings, LLC.
What sector is StoneCo in?
StoneCo is in the Technology sector
What industry is StoneCo in?
StoneCo is in the Software Infrastructure industry
What country is StoneCo from?
StoneCo is headquartered in Cayman Islands
When did StoneCo go public?
StoneCo initial public offering (IPO) was on 25 October 2018
What is StoneCo website?
https://www.stone.co
Is StoneCo in the S&P 500?
No, StoneCo is not included in the S&P 500 index
Is StoneCo in the NASDAQ 100?
No, StoneCo is not included in the NASDAQ 100 index
Is StoneCo in the Dow Jones?
No, StoneCo is not included in the Dow Jones index
When does StoneCo report earnings?
The next expected earnings date for StoneCo is 16 August 2024