StoneCo: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
StoneCo (NASDAQ:STNE) reported Q3 earnings with an EPS of $0.27, surpassing the estimate of $0.22 by 22.73%. Revenue increased by $164.46 million compared to the same period last year. Despite beating last quarter's EPS estimate, the share price dropped by 7.57% the following day. StoneCo's past earnings performance shows a consistent trend of surpassing EPS estimates.
November 10, 2023 | 9:20 pm
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StoneCo reported a strong Q3 earnings beat with a 22.73% higher EPS than estimated and a significant increase in revenue year-over-year.
StoneCo's positive earnings report, with a substantial beat on EPS estimates and increased revenue, is likely to be viewed favorably by investors. Historically, however, the stock experienced a drop after the last earnings beat, which may temper expectations. The overall impact is expected to be positive in the short term, but investor reaction to past performance could introduce volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100