Financial services firm XP Q3 gross rev rises on growth in corporate & issuer services segment

Reuters11-18

Financial services firm XP Q3 gross rev rises on growth in corporate & issuer services segment

Overview

XP Inc. Q3 gross revenue grows 9% YoY, driven by Corporate & Issuer Services
Net income for Q3 rises 12% YoY
Company announces R$1 bln share buyback and R$500 mln dividends

Outlook

XP Inc. did not provide specific guidance for future quarters or the full year in its press release

Result Drivers

CORPORATE & ISSUER SERVICES - Significant growth in segment drove a 32% YoY and 33% QoQ increase in revenue
LOAN PORTFOLIO EXPANSION - Expanded loan portfolio grew 33% YoY, contributing to financial performance
RETIREMENT PLANS GROWTH - Retirement plans client assets increased 15% YoY, supporting revenue growth

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Gross Margin		68.2%
Q3 Net Margin		28.5%

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment banking & brokerage services peer group is "buy"
Wall Street's median 12-month price target for XP Inc is $22.00, about 15.2% above its November 14 closing price of $18.66
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBwHGCz7a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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issuer services segment</title></head><body><p><span>Overview</span></p><ul><li><p><a href=\"https://laohu8.com/S/XP\">XP Inc.</a> Q3 gross revenue grows 9% YoY, driven by Corporate &amp; Issuer Services</p></li><li><p>Net income for Q3 rises 12% YoY</p></li><li><p>Company announces R$1 bln share buyback and R$500 mln dividends</p></li></ul><p><span>Outlook</span></p><ul><li><p>XP Inc. did not provide specific guidance for future quarters or the full year in its press release</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>CORPORATE &amp; ISSUER SERVICES - Significant growth in segment drove a 32% YoY and 33% QoQ increase in revenue</p></li><li><p>LOAN PORTFOLIO EXPANSION - Expanded loan portfolio grew 33% YoY, contributing to financial performance</p></li><li><p>RETIREMENT PLANS GROWTH - Retirement plans client assets increased 15% YoY, supporting revenue growth</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Gross Margin</p></td><td></td><td><p>68.2%</p></td><td></td></tr><tr><td><p>Q3 Net Margin</p></td><td></td><td><p>28.5%</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 8 \"strong buy\" or \"buy\", 2 \"hold\" and no \"sell\" or \"strong sell\"</p></li><li><p>The average consensus recommendation for the investment banking &amp; 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Q3 gross revenue grows 9% YoY, driven by Corporate & Issuer ServicesNet income for Q3 rises 12% YoYCompany announces R$1 bln share buyback and R$500 mln dividendsOutlookXP Inc. did not provide specific guidance for future quarters or the full year in its press releaseResult DriversCORPORATE & ISSUER SERVICES - Significant growth in segment drove a 32% YoY and 33% QoQ increase in revenueLOAN PORTFOLIO EXPANSION - Expanded loan portfolio grew 33% YoY, contributing to financial performanceRETIREMENT PLANS GROWTH - Retirement plans client assets increased 15% YoY, supporting revenue growthKey DetailsMetricBeat/MissActualConsensus EstimateQ3 Gross Margin68.2%Q3 Net Margin28.5%Analyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 8 \"strong buy\" or \"buy\", 2 \"hold\" and no \"sell\" or \"strong sell\"The average consensus recommendation for the investment banking & brokerage services peer group is \"buy\"Wall Street's median 12-month price target for XP Inc is $22.00, about 15.2% above its November 14 closing price of $18.66The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months agoPress Release: ID:nBwHGCz7aFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com(This story was created using Reuters automation and AI based on LSEG and company data. 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