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StoneCo Ltd. (STNE) Increases Despite Market Slip: Here's What You Need to Know
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StoneCo Ltd. (STNE - Free Report) closed at $10.99 in the latest trading session, marking a +1.38% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.22%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.66%.
Shares of the company witnessed a loss of 3.56% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 2.58%, and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of StoneCo Ltd. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.47, reflecting a 20.51% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $731.18 million, reflecting a 8.8% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.31 per share and revenue of $2.91 billion. These totals would mark changes of +42.59% and +10.25%, respectively, from last 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, StoneCo Ltd. holds a Zacks Rank of #2 (Buy).
Looking at its valuation, StoneCo Ltd. is holding a Forward P/E ratio of 4.69. This indicates a discount in contrast to its industry's Forward P/E of 19.05.
It is also worth noting that STNE currently has a PEG ratio of 0.2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. STNE's industry had an average PEG ratio of 1.06 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 81, placing it within the top 33% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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StoneCo Ltd. (STNE) Increases Despite Market Slip: Here's What You Need to Know
StoneCo Ltd. (STNE - Free Report) closed at $10.99 in the latest trading session, marking a +1.38% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.22%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.66%.
Shares of the company witnessed a loss of 3.56% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 2.58%, and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of StoneCo Ltd. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.47, reflecting a 20.51% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $731.18 million, reflecting a 8.8% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.31 per share and revenue of $2.91 billion. These totals would mark changes of +42.59% and +10.25%, respectively, from last 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, StoneCo Ltd. holds a Zacks Rank of #2 (Buy).
Looking at its valuation, StoneCo Ltd. is holding a Forward P/E ratio of 4.69. This indicates a discount in contrast to its industry's Forward P/E of 19.05.
It is also worth noting that STNE currently has a PEG ratio of 0.2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. STNE's industry had an average PEG ratio of 1.06 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 81, placing it within the top 33% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.