PagSeguro Digital Ltd. (PAGS) Q2 Earnings and Revenues Beat Estimates

Core Insights - PagSeguro Digital Ltd. reported quarterly earnings of $0.32 per share, exceeding the Zacks Consensus Estimate of $0.31 per share, and up from $0.26 per share a year ago, representing an earnings surprise of 3.23% [1] - The company achieved revenues of $874.38 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 7.11%, compared to $772.83 million in the same quarter last year [2] - PagSeguro Digital has consistently surpassed consensus EPS and revenue estimates over the last four quarters [2] Earnings Performance - The earnings surprise for the previous quarter was 10%, with actual earnings of $0.33 per share against an expected $0.30 [1] - The current consensus EPS estimate for the upcoming quarter is $0.31, with projected revenues of $828.27 million, and for the current fiscal year, the EPS estimate is $1.27 on revenues of $3.36 billion [7] Stock Performance - PagSeguro Digital shares have increased approximately 17.1% since the beginning of the year, slightly underperforming the S&P 500's gain of 17.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Financial Transaction Services industry, to which PagSeguro Digital belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]