XP Q1 EPS $0.37 Misses $0.40 Estimate, Sales $818.79M Beat $784.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
XP Inc. (NASDAQ:XP) reported Q1 earnings per share of $0.37, missing the analyst estimate of $0.40 by 7.5%. However, the company reported sales of $818.79 million, beating the estimate of $784.08 million by 4.43%. Compared to the same period last year, EPS increased by 32.14% and sales by 35.74%.
May 21, 2024 | 8:07 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
XP Inc. reported Q1 EPS of $0.37, missing the $0.40 estimate, but sales of $818.79M beat the $784.08M estimate. EPS increased by 32.14% YoY, and sales by 35.74% YoY.
The mixed results, with EPS missing but sales beating estimates, suggest a neutral short-term impact on XP's stock price. The significant YoY growth in both EPS and sales is positive, but the EPS miss may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100