Earnings Preview For StoneCo
Portfolio Pulse from Benzinga Insights
StoneCo (NASDAQ:STNE) is set to release its latest quarterly earnings report on November 10, 2023. Analysts estimate an earnings per share (EPS) of $0.22. The company's past performance shows a pattern of share price drops following earnings beats. Shares are currently trading at $10.37 and have seen a 4.34% decrease over the last 52-week period.
November 09, 2023 | 2:00 pm
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StoneCo's upcoming earnings report could potentially impact its share price. Historically, the company's share price has dropped following earnings beats. The stock is currently down 4.34% over the last 52 weeks.
StoneCo's share price has historically dropped following earnings beats. Given that the company is expected to report an EPS of $0.22, if it beats this estimate, it could potentially lead to a drop in share price based on past trends. Additionally, the stock has been on a downward trend over the last 52 weeks, which could be a cause for concern for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100