Shares of the Brazilian fintech StoneCo (STNE -0.66%) have gone on a tear, gaining 75% since the start of 2023. Despite its big run-up, StoneCo is down more than 80% from its all-time high price in early 2021. The company's growth has been notable -- it recently reported its sixth consecutive quarter of profit.StoneCo has done a good job of working through the credit issues that held it back in recent years. But there are a few things investors should know before scooping up shares of the fintech today.Braz ...

Shares of StoneCo (STNE -6.87%) fell as much as 13.5% early Tuesday, then partly recovered to close down 6.9% after the Brazilian fintech announced mixed quarterly results relative to expectations. It also announced the impending resignation of one of the company founders.On StoneCo's technically mixed quarterFourth-quarter 2023 revenue grew 20.1% year over year to 3.25 billion Brazilian reals ($645.4 million), translating to adjusted earnings of 1.76 reals per share ($0.35). Analysts on average were predic ...

StoneCo’s (STNE) fourth-quarter 2023 non-GAAP earnings of 36 cents per share beat the Zacks Consensus Estimate by 12.5%.In domestic currency, earnings were R$1.76 per share, up from 63 cents reported in the year-ago quarter.Revenues of $656 million surpassed the consensus mark by 40%.In domestic currency, revenues increased 20.1% year over year to R$3.24 billion. The upside is primarily driven by an increase in financial services platform revenues, driven by growth in the active client base and enhanced mon ...

StoneCo Ltd. (NASDAQ:STNE) Q4 2023 Earnings Conference Call March 18, 2024 5:00 PM ET Company Participants Roberta Noronha - Head of Investor Relations Pedro Zinner - Chief Executive Officer Lia Matos - Chief Strategy Officer and Chief Marketing Officer Mateus Scherer - Chief Financial Officer and Investor Relations Officer Conference Call Participants Sheriq Sumar - Evercore ISI Eduardo Rosman - BTG Mario Pierry - Bank of America Tiago Binsfeld - Goldman Sachs Neha Agarwala - HSBC Renato Meloni - Autonomou ...

20% Growth in the MSMB total payment volume (TPV), double the industry average, according to ABECS Adjusted EBT of R$638 million, a 131.6% increase compared to 4T22 The MSMB customer base grew by 37.4% year-over-year, reaching nearly 3.5 million active customers SÃO PAULO, March 18, 2024 /PRNewswire/ -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) reported growth year-over-year of 20.1% in total revenue, reaching R$3.2 billions in 4Q23, with adjusted EBT of R$638 millions, 17.2% higher than 4Q22, with adjust ...

Exhibit 99.1 Consolidated Financial Statements StoneCo Ltd. December 31, 2023 and 2022 and the three years ended December 31, 2023 with report of Independent Registered Public Accounting Firm F-1 Index to Consolidated Financial Statements | Audited Annual Consolidated Financial Statements | Page | | --- | --- | | Report of Independent Registered Public Accounting Firm (PCAOB ID 1448) | F 3 | | Consolidated Statement of Financial Position as of December 31, 2023 and 2022 | E-S | | Consolidated Statement of P ...

GEORGETOWN, Cayman Islands, March 18, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone" or the "Company") is announcing a planned transition within the Board of Directors. After a decade of fundamental contributions, our founder, Mr. André Street has chosen not to seek re-election at the upcoming Annual General Meeting ("AGM"), which will occur by the end of April 2024. In similar vein, Mr. Conrado Engel, our Vice Chairman, and Patricia Verderesi Schindler, will also not seek re-ele ...

Strong quarter with Adjusted EBT reaching R$638 million, up 132% year over year, on accelerating MSMB TPV growth of 20%, resulting in Adjusted Net income of R$564 million, up 177% year over year GEORGE TOWN, Grand Cayman, March 18, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone" or the "Company") today reports its financial results for its fourth quarter and fiscal year ended December 31, 2023. "Dear Fellow Shareholders, I hope this message finds you in high spirits. As we wrap up ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about StoneCo Ltd. (STNE) .StoneCo Ltd. currently has an average brokerage recom ...

Sukanya Sonlila/iStock via Getty ImagesI have been bullish on StoneCo Ltd. (NASDAQ:STNE) for as long as I can remember. Almost a year ago, I reiterated my bullish stance amid some notable improvements in earnings revision trends. Since then, STNE stock has gained 52%, handsomely beating the broad market. With the company expected to report fourth-quarter earnings next Monday, I revisited my investment thesis. In April 2023, my bullish stance stemmed from the expected recovery of Brazil's e-commerce sect ...