StoneCo Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
StoneCo Ltd. (NASDAQ:STNE) is anticipated to report higher Q1 earnings with an expected EPS of 28 cents, up from 15 cents year-over-year, and revenue of $607.57 million, up from $565.99 million. Despite a recent report of weaker-than-expected sales for Q4, analysts have adjusted their ratings and price targets, with Citigroup, UBS, Barclays, B of A Securities, and Cantor Fitzgerald providing updates.
May 13, 2024 | 1:33 pm
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StoneCo is expected to report increased Q1 earnings and revenue. Recent analyst adjustments suggest a positive outlook despite previous weak sales.
The anticipation of higher Q1 earnings and revenue for StoneCo, coupled with recent positive adjustments by analysts, suggests a potential short-term positive impact on STNE's stock price. The detailed analyst ratings and price target changes indicate a strong belief in the company's performance despite a recent sales miss, which could drive investor confidence and stock price upward in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100