StoneCo Ltd. closed at $10.99, up 1.38%, outperforming the S&P 500 which fell 0.22%. The company is expected to report earnings per share of $0.47, a 20.51% increase from the same quarter last year, on revenue of $731.18 million, up 8.8%. For the full year, analysts project earnings of $2.31 per share and revenue of $2.91 billion, representing gains of 42.59% and 10.25% respectively. StoneCo holds a Zacks Rank of #2 (Buy) and trades at a forward P/E of 4.69, a discount to its industry's 19.05.
StoneCo LtdStock rose 1.38% despite market decline, with strong earnings growth expectations and a Buy rating from Zacks.