• XP Inc XP.OQ reported quarterly adjusted earnings of R$2.29​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of R$2.16. The mean expectation of six analysts for the quarter was for earnings of R$2.19 per share. Wall Street expected results to range from R$2.12 to R$2.23 per share.

• Revenue rose 7.2% to R$4.34 billion from a year ago; analysts expected R$4.47 billion.

• XP Inc's reported EPS for the quarter was R$2.29​.

• The company reported quarterly net income of R$1.24 billion.

• XP Inc shares had risen by 35.0% this quarter and gained 56.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.5% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment banking & brokerage services peer group is also "buy"

• Wall Street's median 12-month price target for XP Inc is $19.50

This summary was machine generated from LSEG data May 21 at 07:25 p.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)