XP Q3 Adj EPS $0.40 Misses $0.41 Estimate, Adj Sales $894.13M Beat $760.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
XP Inc. reported Q3 adjusted earnings per share (EPS) of $0.40, slightly missing the consensus estimate of $0.41. However, the company's adjusted sales for the quarter were $894.13 million, surpassing the estimate of $760.84 million. Compared to the same quarter last year, EPS increased by 14.86%, and sales grew by 29.38%.
November 13, 2023 | 9:14 pm
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NEUTRAL IMPACT
XP Inc.'s Q3 EPS slightly missed estimates, but the company showed strong sales growth, beating expectations and showing significant year-over-year increases.
The slight miss in EPS is generally considered negative for stock price, but the substantial beat in sales and strong year-over-year growth could offset this impact. The mixed results present a neutral short-term outlook as investors may weigh the positives against the slight earnings miss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100