We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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 Falls Amid Market Uptick: What Investors Need to Know
Read MoreHide Full Article
StoneCo Ltd. (STNE - Free Report) closed the latest trading day at $12.11, indicating a -0.9% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 1.04% for the day. Elsewhere, the Dow saw an upswing of 0.76%, while the tech-heavy Nasdaq appreciated by 1.03%.
The the stock of company has fallen by 6.22% in the past month, leading the Computer and Technology sector's loss of 13.91% and the S&P 500's loss of 6.74%.
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. In that report, analysts expect StoneCo Ltd. to post earnings of $0.34 per share. This would mark year-over-year growth of 78.95%. Our most recent consensus estimate is calling for quarterly revenue of $590.74 million, down 1.06% from the year-ago period.
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 might also notice recent changes to analyst estimates for StoneCo Ltd. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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. Over the past month, the Zacks Consensus EPS estimate has shifted 1.57% downward. Currently, StoneCo Ltd. is carrying a Zacks Rank of #4 (Sell).
Digging into valuation, StoneCo Ltd. currently has a Forward P/E ratio of 8.35. This valuation marks a discount compared to its industry's average Forward P/E of 30.01.
It's also important to note that STNE currently trades at a PEG ratio of 0.32. 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. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.64.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 93, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
StoneCo Ltd. (STNE) Stock Falls Amid Market Uptick: What Investors Need to Know
StoneCo Ltd. (STNE - Free Report) closed the latest trading day at $12.11, indicating a -0.9% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 1.04% for the day. Elsewhere, the Dow saw an upswing of 0.76%, while the tech-heavy Nasdaq appreciated by 1.03%.
The the stock of company has fallen by 6.22% in the past month, leading the Computer and Technology sector's loss of 13.91% and the S&P 500's loss of 6.74%.
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. In that report, analysts expect StoneCo Ltd. to post earnings of $0.34 per share. This would mark year-over-year growth of 78.95%. Our most recent consensus estimate is calling for quarterly revenue of $590.74 million, down 1.06% from the year-ago period.
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 might also notice recent changes to analyst estimates for StoneCo Ltd. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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. Over the past month, the Zacks Consensus EPS estimate has shifted 1.57% downward. Currently, StoneCo Ltd. is carrying a Zacks Rank of #4 (Sell).
Digging into valuation, StoneCo Ltd. currently has a Forward P/E ratio of 8.35. This valuation marks a discount compared to its industry's average Forward P/E of 30.01.
It's also important to note that STNE currently trades at a PEG ratio of 0.32. 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. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.64.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 93, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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.