Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
Cayman IslandsIPO:
25 October 2018Website:
http://www.stone.coNext earnings report:
18 March 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | 6 min agoDividend
Analysts recommendations
Institutional Ownership
STNE Latest News
George Town, Grand Cayman--(Newsfile Corp. - November 21, 2024) - StoneCo Ltd. (NASDAQ: STNE) (B3: STOC31) ("Stone" or "the Company") announced that its Board of Directors, pursuant to written resolutions dated November 21st, 2024, has authorized a share repurchase program, under which Stone may repurchase up to R$ 2 billion in outstanding Class A common shares.
StoneCo Ltd. is a "Buy" despite recent stock underperformance, driven by strong Q3 FY2024 earnings and promising long-term growth prospects. STNE's Q3 FY2024 highlights include a 7% YoY revenue increase, a 35% YoY adjusted EBIT growth, and a 43% YoY rise in adjusted EPS. I think the stock's decline is attributed to macroeconomic concerns, not company performance, making it an attractive buy at current valuations.
Down 90%, Should You Buy StoneCo Stock Right Now?
StoneCo Ltd. (NASDAQ:STNE ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Pedro Zinner - Chief Executive Officer Lia Matos - Chief Strategy and Marketing Officer Mateus Scherer - Chief Financial and Investor Relations Officer Conference Call Participants Tito Labarta - Goldman Sachs Daniel Vaz - Safra Mario Pierry - Bank of America Neha Agarwala - HSBC James Friedman - SIG Guilherme Grespan - JPMorgan Renato Meloni - Autonomous Research Kaio Da Prato - UBS William Barranjard - Itau BBA John Coffey - Barclays Operator Good evening, everyone.
StoneCo Ltd. (STNE) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share.
STNE's Q3 results are expected to reflect the benefits of robust TPV growth and an expanding credit portfolio.
StoneCo Ltd. (STNE) closed at $11.35 in the latest trading session, marking a -1.39% move from the prior day.
StoneCo's stock is down nearly 40% year-to-date, with recent underperformance largely due to macroeconomic challenges in Brazil. Interest rate hikes in Brazil have posed challenges, affecting expenses and profitability, especially for small business clients. STNE's long-term guidance remains strong, with an expected 31% CAGR in net income from 2024 to 2027, despite near-term hurdles.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the closing of the recent trading day, StoneCo Ltd. (STNE) stood at $11.59, denoting a +1.13% change from the preceding trading day.
What type of business is StoneCo?
StoneCo Ltd. provides financial technology and software 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 sells solutions to brick-and-mortar and digital merchants through sales team. The company served 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.
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 was StoneCo the previous earnings report?
No data
When does StoneCo earnings report?
The next expected earnings date for StoneCo is 18 March 2025