Yahoo Finance StoneCo Second Quarter 2024 Earnings: EPS Beats Expectations
StoneCo (NASDAQ:STNE) Second Quarter 2024 Results
Key Financial Results
Revenue: R$3.21b (up 16% from 2Q 2023).
Net income: R$496.1m (up 63% from 2Q 2023).
Profit margin: 16% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue.
EPS: R$1.61 (up from R$0.97 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
StoneCo EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's shares are up 11% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for StoneCo that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
