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Here's Why StoneCo Ltd. (STNE) Gained But Lagged the Market Today
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StoneCo Ltd. (STNE - Free Report) closed at $13.12 in the latest trading session, marking a +0.69% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.08%. On the other hand, the Dow registered a gain of 0.75%, and the technology-centric Nasdaq increased by 2.64%.
Shares of the company witnessed a gain of 10.52% over the previous month, beating the performance of the Computer and Technology sector with its loss of 5.77% and the S&P 500's loss of 0.44%.
The upcoming earnings release of StoneCo Ltd. will be of great interest to investors. The company's earnings report is expected on August 14, 2024. It is anticipated that the company will report an EPS of $0.34, marking a 78.95% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $590.74 million, showing a 1.06% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.46 per share and revenue of $2.44 billion, indicating changes of +50.52% and +0.77%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for StoneCo Ltd. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.33% higher. StoneCo Ltd. is currently a Zacks Rank #3 (Hold).
In terms of valuation, StoneCo Ltd. is currently trading at a Forward P/E ratio of 8.9. Its industry sports an average Forward P/E of 31.79, so one might conclude that StoneCo Ltd. is trading at a discount comparatively.
We can additionally observe that STNE currently boasts a PEG ratio of 0.34. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.78.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 99, positioning it in the top 40% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Here's Why StoneCo Ltd. (STNE) Gained But Lagged the Market Today
StoneCo Ltd. (STNE - Free Report) closed at $13.12 in the latest trading session, marking a +0.69% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.08%. On the other hand, the Dow registered a gain of 0.75%, and the technology-centric Nasdaq increased by 2.64%.
Shares of the company witnessed a gain of 10.52% over the previous month, beating the performance of the Computer and Technology sector with its loss of 5.77% and the S&P 500's loss of 0.44%.
The upcoming earnings release of StoneCo Ltd. will be of great interest to investors. The company's earnings report is expected on August 14, 2024. It is anticipated that the company will report an EPS of $0.34, marking a 78.95% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $590.74 million, showing a 1.06% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.46 per share and revenue of $2.44 billion, indicating changes of +50.52% and +0.77%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for StoneCo Ltd. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.33% higher. StoneCo Ltd. is currently a Zacks Rank #3 (Hold).
In terms of valuation, StoneCo Ltd. is currently trading at a Forward P/E ratio of 8.9. Its industry sports an average Forward P/E of 31.79, so one might conclude that StoneCo Ltd. is trading at a discount comparatively.
We can additionally observe that STNE currently boasts a PEG ratio of 0.34. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.78.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 99, positioning it in the top 40% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.