StoneCo Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Author: Avi Kapoor | May 13, 2024 09:33am

StoneCo Ltd. (NASDAQ:STNE) is set to release earnings results for its first quarter after the closing bell on May 13.

Analysts expect the George Town, the Cayman Islands-based company to report quarterly earnings at 28 cents per share, up from 15 cents per share in the year-ago period. StoneCo is projected to report quarterly revenue of $607.57 million, compared to $565.99 million a year ago, according to data from Benzinga Pro.

On March 18, StoneCo reported weaker-than-expected sales for its fourth quarter.

StoneCo shares fell 0.6% to close at $16.60 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

Citigroup analyst Gabriel Gusan maintained a Buy rating and raised the price target from $19 to $20 on March 20. This analyst has an accuracy rate of 71%.
UBS analyst Kaio Prato downgraded the stock from Buy to Neutral with a price target of $21 on Feb. 1. This analyst has an accuracy rate of 76%.
Barclays analyst Ramsey El-Assal maintained an Equal-Weight rating and raised the price target from $14 to $17 on Jan. 16. This analyst has an accuracy rate of 64%.
B of A Securities analyst Mario Pierry upgraded the stock from Neutral to Buy and boosted the price target from $13 to $17 on Nov. 16, 2023. This analyst has an accuracy rate of 60%.
Cantor Fitzgerald analyst Josh Siegler maintained an Overweight rating and raised the price target from $18 to $21 on Nov. 16, 2023. This analyst has an accuracy rate of 76%.

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Posted In: STNE