|Bid||9.11 x 1300|
|Ask||9.12 x 36900|
|Day's Range||8.25 - 9.85|
|52 Week Range||6.81 - 55.30|
|Beta (5Y Monthly)||2.39|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 14, 2022 - Nov 18, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.67|
Shares of StoneCo (NASDAQ: STNE), a cloud-based technology platform, plummeted Friday morning after the company reported its second-quarter results, which disappointed investors, and announced yet another shift to its management team. The company reported non-GAAP (adjusted) earnings of 0.25 Brazilian reals (equivalent to $0.05), which was an increase from a loss of 0.48 reals in the year-ago quarter, but was below Wall Street's consensus estimate of about 0.57 reals, or $0.11 per share. StoneCo's revenue in the quarter was 2.3 billion reals (about $442 million), 5% higher than the company's guidance, and up 275% from the year-ago quarter.
Joining us today on the call, we have our CEO, Thiago Piau; and our chief strategy officer, Lia Matos. As we noted previously, following the partial sale of our stake in Banco Inter, we decided to stop adjusting the bond financial expenses in order to result from the second quarter onwards.
StoneCo Ltd. (STNE) delivered earnings and revenue surprises of -54.55% and 10.13%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?