StoneCo Ltd. (STNE - Free Report) is scheduled to report first-quarter 2022 results on Jun 2, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 100%.
This George Town, Cayman Islands-based company is expected to have recorded year-over-year higher revenues, driven by healthy customer additions.
StoneCo’s goals include being the best financial operating system for Brazilian merchants, offering the best workflow tool to them and helping them sell more through multiple channels.
The Zacks Consensus Estimate for revenues is pegged at $240 million, which indicates growth from the year-ago quarter’s reported figure of $159 million. The consensus estimate for adjusted earnings per share is pegged at 6 cents. The company had recorded adjusted earnings of 9 cents per share in the year-earlier quarter.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for StoneCo for the first quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is +50.00%, with the former pegged at 6 cents per share and the latter at 4 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: StoneCo has a Zacks Rank #5 (Strong Sell).
Stocks to Consider
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
Coupa Software Incorporated is set to release quarterly numbers on Jun 6. Coupa Software has an Earnings ESP of +7.02% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Earnings ESP for Torrid Holdings Inc. (CURV - Free Report) is +10.00% and it carries a Zacks Rank of 2. Torrid Holdings is set to report quarterly numbers on Jun 7.
The Earnings ESP for Smartsheet Inc. (SMAR - Free Report) is +23.08% and it carries a Zacks Rank of 3. Smartsheet is scheduled to report quarterly numbers on Jun 7.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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StoneCo Ltd. (STNE - Free Report) is scheduled to report first-quarter 2022 results on Jun 2, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 100%.
This George Town, Cayman Islands-based company is expected to have recorded year-over-year higher revenues, driven by healthy customer additions.
StoneCo’s goals include being the best financial operating system for Brazilian merchants, offering the best workflow tool to them and helping them sell more through multiple channels.
The Zacks Consensus Estimate for revenues is pegged at $240 million, which indicates growth from the year-ago quarter’s reported figure of $159 million. The consensus estimate for adjusted earnings per share is pegged at 6 cents. The company had recorded adjusted earnings of 9 cents per share in the year-earlier quarter.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for StoneCo for the first quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is +50.00%, with the former pegged at 6 cents per share and the latter at 4 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: StoneCo has a Zacks Rank #5 (Strong Sell).
Stocks to Consider
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
Coupa Software Incorporated is set to release quarterly numbers on Jun 6. Coupa Software has an Earnings ESP of +7.02% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Earnings ESP for Torrid Holdings Inc. (CURV - Free Report) is +10.00% and it carries a Zacks Rank of 2. Torrid Holdings is set to report quarterly numbers on Jun 7.
The Earnings ESP for Smartsheet Inc. (SMAR - Free Report) is +23.08% and it carries a Zacks Rank of 3. Smartsheet is scheduled to report quarterly numbers on Jun 7.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Free Report: Must-See Energy Stocks for 2023
Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!)
Download Oil Market on Fire today, absolutely free.
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