StoneCo Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Author: Avi Kapoor | March 18, 2024 10:14am

StoneCo Ltd. (NASDAQ:STNE) is expected to release its financial results for the fourth quarter, after the closing bell on March 18, 2024.

Analysts expect the George Town, Cayman Islands-based company to report quarterly earnings at 30 cents per share, up from 15 cents per share in the year-ago period. Hibbett is projected to post revenue of $685.73 million for the latest quarter, compared to $549.66 million in the year-earlier quarter, according to data from Benzinga Pro.

On Jan. 5, StoneCo said it received the Financeira License from the Brazilian Central Bank. The license is organized as a Sociedade de Crédito, Financiamento e Investimento (SCFI), the company said in a press release.

StoneCo shares fell 0.3% to close at $17.30 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• UBS analyst Kaio Prato downgraded the stock from Buy to Neutral with a price target of $21 on Feb. 1, 2024. This analyst has an accuracy rate of 73%.
• Banco Bradesco BBI S.A. analyst Otavio Tanganelli  analyst Otavio Tanganelli upgraded the stock from Underperform to Neutral with a price target of $23 on Jan. 24, 2024. This analyst has an accuracy rate of 70%.
• Barclays analyst Ramsey El-Assal maintained an Equal-Weight rating and raised the price target from $14 to $17 on Jan. 16, 2024. This analyst has an accuracy rate of 67%.
• B of A Securities analyst Mario Pierry maintained a Buy rating and increased the price target from $17 to $18 on Dec. 11, 2023. This analyst has an accuracy rate of 69%.
• Cantor Fitzgerald analyst Josh Siegler maintained an Overweight rating and increased the price target from $18 to $21 on Nov. 16, 2023. This analyst has an accuracy rate of 82%.

 

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Posted In: STNE