We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
StoneCo Ltd. (STNE) Stock Slides as Market Rises: Facts to Know Before You Trade
Read MoreHide Full Article
In the latest close session, StoneCo Ltd. (STNE - Free Report) was down 2.4% at $10.99. The stock's change was less than the S&P 500's daily gain of 1.65%. Elsewhere, the Dow saw an upswing of 0.92%, while the tech-heavy Nasdaq appreciated by 3.07%.
Shares of the company witnessed a gain of 17.17% over the previous month, beating the performance of the Computer and Technology sector with its gain of 0.33%, and the S&P 500's gain of 0.48%.
The upcoming earnings release of StoneCo Ltd. will be of great interest to investors. It is anticipated that the company will report an EPS of $0.47, marking a 20.51% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $731.18 million, indicating a 8.8% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $2.31 per share and a revenue of $2.91 billion, demonstrating changes of +42.59% and +10.25%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for StoneCo Ltd. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 16.08% upward. Currently, StoneCo Ltd. is carrying a Zacks Rank of #2 (Buy).
In the context of valuation, StoneCo Ltd. is at present trading with a Forward P/E ratio of 4.87. This represents a discount compared to its industry average Forward P/E of 18.42.
It is also worth noting that STNE currently has a PEG ratio of 0.21. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software was holding an average PEG ratio of 1.03 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 80, placing it within the top 33% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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.
View the Zacks #1 Rank List
Image: Bigstock
StoneCo Ltd. (STNE) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest close session, StoneCo Ltd. (STNE - Free Report) was down 2.4% at $10.99. The stock's change was less than the S&P 500's daily gain of 1.65%. Elsewhere, the Dow saw an upswing of 0.92%, while the tech-heavy Nasdaq appreciated by 3.07%.
Shares of the company witnessed a gain of 17.17% over the previous month, beating the performance of the Computer and Technology sector with its gain of 0.33%, and the S&P 500's gain of 0.48%.
The upcoming earnings release of StoneCo Ltd. will be of great interest to investors. It is anticipated that the company will report an EPS of $0.47, marking a 20.51% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $731.18 million, indicating a 8.8% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $2.31 per share and a revenue of $2.91 billion, demonstrating changes of +42.59% and +10.25%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for StoneCo Ltd. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 16.08% upward. Currently, StoneCo Ltd. is carrying a Zacks Rank of #2 (Buy).
In the context of valuation, StoneCo Ltd. is at present trading with a Forward P/E ratio of 4.87. This represents a discount compared to its industry average Forward P/E of 18.42.
It is also worth noting that STNE currently has a PEG ratio of 0.21. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software was holding an average PEG ratio of 1.03 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 80, placing it within the top 33% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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.