XP Inc reports results for the quarter ended September 30 - Earnings Summary

• XP Inc XP.OQ reported quarterly adjusted earnings of R$2.19​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of R$2.13. The mean expectation of six analysts for the quarter was for earnings of R$2.18 per share. Wall Street expected results to range from R$2.03 to R$2.24 per share.

• Revenue rose 4.5% to R$4.32 billion from a year ago; analysts expected R$4.36 billion.

• XP Inc's reported EPS for the quarter was R$2.18​.

• The company reported quarterly net income of R$1.19 billion.

• XP Inc shares had fallen by 6.0% this quarter and lost 35.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.2% 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 6 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the investment banking & brokerage services peer group is also "buy"

Wall Street's median 12-month price target for XP Inc is $25.00

This summary was machine generated from LSEG data November 20 at 12:25 a.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)