StoneCo LtdSTNE
▲ PositiveCapitalrelevance
Stock rose 1.51% despite market decline, with positive analyst expectations and a Zacks Buy rating.
Impact on stocks 1
Financials
StoneCo LtdStoneCo Ltd. Stock Rises 1.51% While S&P 500 Declines
Earnings
StoneCo Ltd. shares closed at $10.75, a 1.51% gain, outperforming the S&P 500 which fell 0.37%. The stock has declined 3.73% over the past month, lagging the Computer and Technology sector's 4.52% gain. Analysts expect the company to report earnings per share of $0.47, up 20.51% year-over-year, on revenue of $731.18 million, an 8.8% increase. Full-year estimates call for earnings of $2.31 per share and revenue of $2.91 billion, representing year-over-year growth of 42.59% and 10.25% respectively. StoneCo Ltd. currently holds a Zacks Rank of 2, or Buy, and trades at a forward price-to-earnings ratio of 4.58, a discount to its industry average of 18.33.
StoneCo LtdStock rose 1.51% despite market decline, with positive analyst expectations and a Zacks Buy rating.