StoneCo Ltd reports results for the quarter ended September 30 - Earnings Summary

• StoneCo Ltd STNE.OQ reported quarterly adjusted earnings of R$1.93​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of R$1.32. The mean expectation of eight analysts for the quarter was for earnings of R$1.77 per share. Wall Street expected results to range from $1.71 to R$1.87 per share.

• Revenue rose 6.9% to R$3.36 billion from a year ago; analysts expected R$3.38 billion.

• StoneCo Ltd's reported EPS for the quarter was R$1.78​.

• The company reported quarterly net income of R$542.88 million.

• StoneCo Ltd shares had risen by 2.9% this quarter and lost 35.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 2 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the financial technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for StoneCo Ltd is 16.00

This summary was machine generated from LSEG data November 13 at 02:23 p.m. UTC. ​All figures in Brazilian reais unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)