• StoneCo Ltd STNE.OQ reported quarterly adjusted earnings of R$1.97​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of R$1.42. The mean expectation of eight analysts for the quarter was for earnings of R$1.80 per share. Wall Street expected results to range from R$1.59 to R$1.97 per share.

• Revenue rose 19% to R$3.67 billion from a year ago; analysts expected R$3.67 billion.

• StoneCo Ltd's reported EPS for the quarter was R$1.84​.

• The company reported quarterly net income of R$516.7 million.

• StoneCo Ltd shares had risen by 26.2% this quarter and gained 66.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the financial technology (fintech) peer group is also "buy"

• Wall Street's median 12-month price target for StoneCo Ltd is $15.00

This summary was machine generated from LSEG data May 9 at 02:36 a.m. UTC. ​All figures in Brazilian reais unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)