StoneCo Stock News

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.

GEORGE TOWN, Grand Cayman, Oct. 16, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (“Stone”) today announces that it will release its third quarter 2024 financial results on Tuesday, November 12 th , 2024, after the market closes. The Company will also host a conference call to discuss its results on the same day at 5:00pm ET (7:00pm BRT).

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