reports
- Soomit Datta
STNE US (Neutral, TP: R$15, +40%) Q3 24 - Promising pricing; PIX and r...
StoneCo reported Q3s after close. Underlying TPV growth on MSMB including PIX remained at a healthy 20% y/y, slowing a touch from 25% in Q2, whilst profitability was good with numbers coming in ahead at PBT (6%) – supported partly by unwinding of credit provisions.
StoneCo Ltd. to Announce Third Quarter 2024 Financial Results on Novem...
StoneCo Ltd. to Announce Third Quarter 2024 Financial Results on November 12th, 2024 GEORGE TOWN, Grand Cayman, Oct. 16, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (“Stone”) today announces that it will release its third quarter 2024 financial results on Tuesday, November 12th, 2024, after the market closes. The Company will also host a conference call to discuss its results on the same day at 5:00pm ET (7:00pm BRT). The conference call can be accessed live over the Zoom webinar (ID: 851 7712 3588 | Password: 819157). You can also access the meeting over the phone b...
StoneCo Announces Additional Board Change
StoneCo Announces Additional Board Change GEORGETOWN, Cayman Islands, Sept. 20, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) today announced an additional board change to support the next stage of the Company’s growth. Stone’s Board has approved, effective immediately, the appointment of Antonio Silveira as a Board Member. Mr. Silveira is currently Chief Technology Officer (“CTO”) at Attentive, company leader in AI-powered mobile marketing solutions. Mr. Silveira has over 15 years of experience in technology, having led organizations throug...
StoneCo Reports Second Quarter 2024 Results
StoneCo Reports Second Quarter 2024 Results GEORGE TOWN, Grand Cayman, Aug. 14, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (“Stone” or the “Company”) today reports its financial results for its second quarter ended June 30, 2024. Adjusted EBTMSMB CTPV (Card TPV)R$652 millionR$97.8 billion+45.9% year over year+17.4% year over year Adjusted Net incomeAdjusted Basic EPSR$497 millionR$1.61+54.4% year over year+57.2% year over year Business Overview Stone has made significant progress in the second quarter across our strategic priorities, advancing in critical areas a...
StoneCo Releases the 2023 Sustainability Report
StoneCo Releases the 2023 Sustainability Report GEORGE TOWN, Cayman Islands, July 30, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) announces the release of its 2023 Sustainability Report, prepared based on indicators of the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB). The Company also started reporting climate information according to the recommendations from the Task Force on Climate Related Financial Disclosures (TCFD). to access the document. About StoneCo StoneCo is a leading provider of...
StoneCo Ltd. to Announce Second Quarter 2024 Financial Results on Augu...
StoneCo Ltd. to Announce Second Quarter 2024 Financial Results on August 14th, 2024 GEORGE TOWN, Grand Cayman, July 17, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (“Stone”) today announces that it will host a conference call to discuss its second quarter 2024 financial results on Wednesday, August 14th, 2024 at 5:00pm ET (6:00pm BRT). A press release with second quarter 2024 financial results will be issued after the market closes that same day. The conference call can be accessed live over the Zoom webinar (ID: 854 5992 8852| Password: 819157). You can also access ...
- Soomit Datta
LatAm Fintech into Q2s: FX, rates and Mexico in focus: MELI/NU/DLO/PAG...
It’s a difficult reporting season for US$ reporters when regional FX slips so much: sell-side is generally slow to update (and often updates the immediate quarter, but not FYs). We see FY 24 needing to come down at NU (Neutral) and MercadoLibre (Neutral). DLO (BUY) is also exposed though a Q2 share price collapse, significant de-rating as well as a better H2 should underpin the stock.
- Soomit Datta
STNE US (Neutral, TP: $20, +20%) StoneCo Q1s - Pretty solid underlying...
StoneCo reported Q1s after close. Having recently updated its accounting for membership fees (negatively affecting revenue and down through the P&L) consensus was, according to IR, a mix of old and new – and not so helpful therefore.
StoneCo Reports First Quarter 2024 Results
StoneCo Reports First Quarter 2024 Results Adjusted EBT reaching R$568 million, up 75% year over year, on MSMB TPV growth including PIX P2M of 24%, resulting in Adjusted Net income of R$450 million, up 90% year over year GEORGE TOWN, Grand Cayman, May 13, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (“Stone” or the “Company”) today reports its financial results for its first quarter ended March 31, 2024. Business Overview 1Q24 represented continuous business growth, delivering on our strategic priorities. In financial services, Stone performed well in all c...
StoneCo Ltd. to Announce First Quarter 2024 Financial Results on May 1...
StoneCo Ltd. to Announce First Quarter 2024 Financial Results on May 13, 2024 and Adopt New Internal Accounting Policy GEORGE TOWN, Grand Cayman, April 16, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (“Stone”) announces that it will release its first quarter 2024 financial results on Monday, May 13, 2024 after the market closes and will host a conference call that afternoon at 5:00pm ET (6:00pm BRT) to discuss the results. The Company also announces that, beginning in the first quarter of 2024, it will adopt a new internal accounting policy for the recognition of mem...
StoneCo Announces Forthcoming Board of Directors Changes
StoneCo Announces Forthcoming Board of Directors Changes 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-election, having completed the...
StoneCo Reports Fourth Quarter and Fiscal Year 2023 Results
StoneCo Reports Fourth Quarter and Fiscal Year 2023 Results 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 a successful year, I...
- Soomit Datta
- Soomit Datta
STNE US (Neutral, TP: $17, +5%) PAGS US (Neutral, TP: $15, +15%) Brazi...
With Banco do Brasil and Bradesco set to take Cielo private (tender launched Feb 5), potentially in time trying to emulate renewed commercial efforts from Itau, the market is concerned that StoneCo, more exposed to the higher-end SME segment, and PagSeguro (to a lesser degree) could be caught in the cross fire.
StoneCo Ltd. to Announce Fourth Quarter and Fiscal Year 2023 Financial...
StoneCo Ltd. to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on March 18th, 2024 GEORGE TOWN, Grand Cayman, Feb. 21, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (“Stone”) today announces that it will host a conference call to discuss its fourth quarter and fiscal year 2023 financial results on Monday, March 18th, 2024 at 5:00pm ET (6:00pm BRT). A press release with fourth quarter and fiscal year 2023 financial results will be issued after the market closes that same day. The conference call can be accessed live over the Zoom webinar (ID: 835 5588 ...
- Soomit Datta
PAGS US (Neutral, TP: $15, +14%) STNE US (Neutral, TP: $17, -2%) Braz...
Since the market lows and the sharp contraction in local bond yields at the end of October last year, the Brazilian PayCo stocks have almost doubled. Further rate cuts (including last night's 50 bps) and better TPV dynamics look to be built into expectations now and, to move the stocks on, we need to see delivery of “Payments Plus” and principally a growing an.d profitable Credit business, as outlined at StoneCo’s in depth investor day in November last year
StoneCo Announces SCFI License
StoneCo Announces SCFI License GEORGETOWN, Cayman Islands, Jan. 05, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) today announced that it received from the Brazilian Central Bank (“BCB”) the “Financeira” License, organized as a Sociedade de Crédito, Financiamento e Investimento (SCFI). This license will enable StoneCo, through its subsidiaries, to develop and offer a range of new products, such as time deposits, which shall enhance and diversify the funding sources of the Company. About StoneCo StoneCo is a leading provider of financial tech...
StoneCo. Announces $467.5 million credit facility from DFC to strength...
StoneCo. Announces $467.5 million credit facility from DFC to strengthen working capital of micro, small, and medium businesses GEORGE TOWN, Grand Cayman, Dec. 18, 2023 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or “the Company”) announced that it has obtained a commitment of US$467.5 million in the form of a revolving securitization facility from the United States International Development Finance Corporation (DFC), an agency of the United States government. The facility, which has a final maturity of seven years, and a six-month availability period, acquires ac...
StoneCo Announces Board Changes
StoneCo Announces Board Changes GEORGETOWN, Cayman Islands, Dec. 01, 2023 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) today announced additional board changes to support the next stage of the Company’s growth. Stone’s Board has approved the appointment of Gilberto Caldart as a Board Member. Mr. Caldart is a former Vice Chairman and President of International Markets at Mastercard, where he worked more than 14 years. Prior to that he also had a 26-year career in Citigroup, having extensive knowledge of financial services, payment innovation,...
StoneCo’s Announces Short and Mid-Long Term Guidance
StoneCo’s Announces Short and Mid-Long Term Guidance GEORGETOWN, Grand Cayman, Nov. 15, 2023 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) announces short and mid long-term guidance for the years of 2024 and 2027 for key financial and operational metrics, as follows: 20242027CAGR '24-'27MSMB TPV [R$ bn]> 412> 60013%Client Deposits [R$ bn]> 7.0> 14.026%Credit Portfolio [R$ bn]> 0.8> 5.590%MSMB Take Rate [%]> 2.49%> 2.70%-Adj. Net Income [R$ bn]> 1.9> 4.331%Adm. Expenses [Adj. R$ bn]< 1.125< 1.4508.8% This press release presents non-IFRS financial ...
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