StoneCo Stock News

These financial services companies are experiencing booming profitability as revenues expand.

Brazilian financial tech firm StoneCo has received multiple nonbinding offers for its software unit Linx, but the bids so far are below what it paid for the asset in 2020, according to three people familiar with the negotiations.

StoneCo's stock has dropped over 22% post-Q3 results, attributed to macroeconomic headwinds and market-driven factors, presenting a potential buying opportunity for patient investors. Higher interest rates in Brazil and rising inflation are impacting StoneCo's financial services segment, delaying visible improvements in financial performance. Company-specific issues include a maturing payments ...

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 ...

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...

Brazilian payments firm StoneCo posted on Tuesday a 35% increase in its third-quarter adjusted net profit from a year earlier, beating analysts' estimates.

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.