StoneCo Q4 Adj. EPS $0.36 Beats $0.30 Estimate, Adj. Sales $655.87M Miss $683.63M Estimate
Portfolio Pulse from Happy Mohamed
StoneCo (NASDAQ:STNE) reported Q4 adjusted earnings per share of $0.36, surpassing the consensus estimate of $0.30, a 157.14% increase year-over-year. However, its adjusted sales of $655.87M fell short of the $683.63M estimate, despite being a 27.51% increase from the previous year.
March 18, 2024 | 9:14 pm
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StoneCo reported higher-than-expected Q4 earnings but missed sales estimates, showing mixed financial health.
The positive earnings surprise could lead to a short-term positive sentiment among investors, offset by the missed sales estimates. The significant year-over-year growth in both earnings and sales highlights the company's growth trajectory, which might mitigate the negative impact of the sales miss.
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