XP Q2 2024 GAAP EPS $0.39 Misses $1.91 Estimate, Sales $809.69M Miss $4.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
XP Inc. (NASDAQ:XP) reported Q2 2024 earnings per share (EPS) of $0.39, significantly missing the analyst consensus estimate of $1.91. The company also reported quarterly sales of $809.69 million, falling short of the $4.14 billion estimate. Despite the misses, sales increased by 12.93% compared to the same period last year.
August 13, 2024 | 8:42 pm
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XP Inc. reported Q2 2024 EPS of $0.39, missing the $1.91 estimate by 79.58%. Sales of $809.69M also missed the $4.14B estimate by 80.47%, though they increased 12.93% YoY.
XP Inc. significantly missed both EPS and sales estimates, which is likely to negatively impact the stock price in the short term. However, the YoY sales increase may provide some support.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100