StoneCo Ltd. (NASDAQ:STNE) is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.15 per share.
For the full year, analysts predict revenues of $ 539.63 million, while looking forward to income of $ 0.52 per share.
Previous Quarter Performance
StoneCo Ltd. outlined income for the second quarter of $ 0.10 per share, from the revenue of $ 124.34 million. The consensus estimates are income of $ 0.08 per share from $ 118.93 million in revenue. The bottom line results beat street analysts by $ 0.02 or 25.00 percent, at the same time, top line results outshined analysts by $ 5.41 million or 4.55 percent.
Stock Performance
Shares of StoneCo Ltd. traded low $ -2.36 or -4.22 percent on Wednesday, reaching $ 53.62 with volume of 2.54 million shares. StoneCo Ltd. has traded high as $ 54.22 and has cracked $ 52.91 on the downward trend
According to the previous trading day, closing price of $ 53.62, representing a 215.91 % increase from the 52 week low of $ 17.72 and a 7.87 % decrease over the 52 week high of $ 60.76.
The company has a market capital of $ 16.55 billion and is part of the Technology sector and Software – Application industry.
Conference Call
StoneCo Ltd. will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.stone.co
StoneCo Ltd. provides financial technology solutions that empower merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and technology and solutions to digital merchants through sales and technical personnel and software vendors.
