Why StoneCo Stock Dropped Today [Yahoo! Finance]
StoneCo Ltd. - Class A Common Share (STNE)
Company Research
Source: Yahoo! Finance
It also announced the impending resignation of one of the company founders. On StoneCo's technically mixed quarter Fourth-quarter 2023 revenue grew 20.1% year over year to 3.25 billion Brazilian reals ($645.4 million), translating to adjusted earnings of 1.76 reals per share ($0.35). Analysts on average were predicting earnings of only 1.53 reals per share, but revenue closer to 3.40 billion reals. Digging deeper into StoneCo's results, financial-services platform revenue grew 24.4% year over year, to 2.87 billion reals, while software revenue declined 3.5% to 363 million reals. Active payment clients within StoneCo's micro, small, and medium-size business (MSMB) platform increased 37.4% year over year to 3,471,300 at the end of 2023, and MSMB total payment volume was up 20.2% to 98.5 billion reals. Monthly MSMB average total payment value per client fell 15.1% year over year, precisely because of outsize growth within StoneCo's Ton solution, which is focused on micro-mercha
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News
- Why the Market Dipped But StoneCo Ltd. (STNE) Gained Today [Yahoo! Finance]Yahoo! Finance
- Positive earnings growth hasn't been enough to get StoneCo (NASDAQ:STNE) shareholders a favorable return over the last three years [Yahoo! Finance]Yahoo! Finance
- StoneCo Ltd. (NASDAQ: STNE) had its price target lowered by analysts at Barclays PLC from $18.00 to $17.00. They now have an "equal weight" rating on the stock.MarketBeat
- StoneCo Ltd. (STNE) Dips More Than Broader Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
- StoneCo Stock Has 44% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
STNE
Earnings
- 3/18/24 - Beat
STNE
Sec Filings
- 4/24/24 - Form 20-F
- 4/23/24 - Form 6-K
- 3/21/24 - Form 6-K
- STNE's page on the SEC website