DLocal shares soared 12.9% in the last trading session to close at $14.67, extending a six-day rally. The move was driven by strength in its fully cloud-based proprietary platform, which enables merchants to access multiple emerging markets through a single API and one contract, and was further supported by a UBS analyst upgrade from Neutral to Buy. The company is expected to report quarterly earnings of $0.20 per share, a year-over-year increase of 42.9%, on revenues of $359.84 million, up 40.3%. Despite the surge, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days, and the stock carries a Zacks Rank of 3, or Hold.
Dlocal LtdStrength in its fully cloud-based proprietary platform drives shares up.
Euronet Worldwide Inc