Streetbeat News

STNE

StoneCo Ltd.

https://www.stone.co

Industry

Software - Infrastructure

StoneCo Ltd. provides financial technology solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and technology and solutions to digital merchants through sales and technical personnel and software vendors, as well as sells solutions to brick-and-mortar and digital merchants through sales team. As of December 31, 2021, the company served approximately 1,766,100 clients primarily small-and-medium-sized businesses; and marketplaces, e-commerce platforms, and integrated software vendors. StoneCo Ltd. was founded in 2000 and is headquartered in George Town, the Cayman Islands. StoneCo Ltd. operates as a subsidiary of HR Holdings, LLC.

Open

11.61

Mkt cap

3.4B

Volume

4.1M

High

11.78

P/E Ratio

11.58

52-wk high

19.46

Low

11.29

Div yield

N/A

52-wk low

10.20

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.

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 9:14 pm

StoneCo Ltd. (NASDAQ:STNE) reported Q4 sales of $171.6 million, missing estimates and leading to an 8.01% drop in its stock price after-hours. The sales growth was attributed to a 24.4% increase in financial services platform revenues, driven by growth in the MSMB segment and higher client monetization. CEO Pedro Zinner highlighted significant growth in MSMB TPV and banking services, with deposits reaching R$6.1 billion by the end of December.

Portfolio Pulse from Erica Kollmann

March 18, 2024 | 9:04 pm

StoneCo announces plans to appoint Mauricio Luchetti as Chairman and Gilberto Caldart as Vice-chairman, following the decision of founder André Street and others not to seek re-election at the next Annual General Meeting by end of April 2024.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:43 pm

StoneCo's shares have declined following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:32 pm

StoneCo reported Q4 sales of R$3.25 billion, missing the estimated R$3.42 billion. This correction highlights a shortfall in the company's expected revenue.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:31 pm

StoneCo reported its Q4 sales at R$3.25 billion, missing the estimated R$3.42 billion.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:23 pm

Stocks rallied with significant contributions from Google and Tesla, amid rising oil prices and inflation concerns. The S&P 500 and Nasdaq 100 saw gains, with a notable AI agreement between Alphabet Inc. and Apple Inc. Nvidia's upcoming GPU Technology Conference and rising Treasury yields also influenced the market. Oil prices increased, while Bitcoin and gold saw mixed movements. Sector ETFs and individual stocks like Tesla, PepsiCo, HashiCorp, Science Applications International, and Shift4 Payments showed notable price changes.

Portfolio Pulse from Piero Cingari

March 18, 2024 | 6:02 pm

StoneCo Ltd. (NASDAQ:STNE) is set to release its Q4 financial results on March 18, 2024, with analysts forecasting a significant increase in earnings per share from 15 cents to 30 cents year-over-year, and revenue expected to rise from $549.66 million to $685.73 million. The company recently received a Financeira License from the Brazilian Central Bank, enhancing its credit, financing, and investment capabilities. Despite this, StoneCo shares slightly fell by 0.3% to $17.30. Analyst ratings have varied, with adjustments in price targets and changes from Buy to Neutral by notable analysts.

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 2:14 pm

Stock futures indicate a strong open, driven by Nvidia's AI conference and potential Alphabet-Apple partnership, despite concerns over Fed's upcoming meeting and recent inflation data. Nvidia and Alphabet stocks rose in premarket trading, while the broader market showed mixed reactions to inflation and interest rate expectations. Upcoming economic data and Fed decisions are anticipated to further influence market direction.

Portfolio Pulse from Shanthi Rexaline

March 18, 2024 | 11:37 am

Earnings reports for March 18, 2024, include a mix of expected profits and losses across various sectors. Notable companies like Embraer, Science Applications Intl, and StoneCo are anticipated to report profits, while System1, Exagen, and OneConnect Financial Tech project losses. The diversity in performance highlights the varied economic conditions impacting different industries.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 9:57 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.