StoneCo Aktie News

Beaten-down stocks can be the best friend of those with the patience to hold through ups and downs. Well-established companies that have products with staying power will rarely disappoint you over a multi-year investment period.

StoneCo warned investors of an accounting change that could make its next earnings report look a bit rough. The long-term effects of the accounting change should net out, however.

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 past couple of years have been an uphill battle for fintech stocks. Despite strong underlying business performance, most names in the space have lagged the broader market's recovery.

The global fintech sector is growing rapidly as its annual revenue will jump from $295 billion last year to $1.15 trillion by 2032. That would represent a very impressive CAGR of 16.5%.

StoneCo's strong recovery prospects are supported by its cheap valuation, strong business growth, and expansion in the Latin American market. The company's Q4 FY2023 financial report showed increased margins, market share expansion, and healthy growth in its payments business. As the company's margins have increased and the stock has barely moved due to some misunderstanding, STNE's valuation h...

StoneCo's fourth-quarter earnings report led to a steep plunge in its stock, but dip-buyers quickly returned and lifted buying sentiments. Investors have valid concerns about StoneCo's go-to-market strategy and its increased focus on the MSMB segment. The market has not recognized growth potential, leading to a valuation bifurcation and misunderstanding about its capabilities.

The future of the U.S. economy looks promising, driven by robust job growth and a strong labor market. In March, employers added 303,000 jobs, surpassing expectations and pushing the unemployment rate to 3.8%.