StoneCo Ltd. ($STNE) Stock Forecast: Down 7.1% Today

What is StoneCo Ltd.?

Stock: StoneCo Ltd. (STNE) StoneCo Ltd. is a financial technology company that offers payment processing solutions in Brazil. The company has been focusing on expanding its credit portfolio and experiencing robust growth in total payment volume (TPV).

Why is StoneCo Ltd. going down?

STNE stock is down 7.1% on Nov 13, 2024 14:41

• Despite surpassing earnings and revenue estimates in Q3, StoneCo's stock experienced a strong bearish movement.
• The market reaction could be attributed to investors possibly having higher expectations for the company's performance, leading to profit-taking after the positive results.
• Additionally, the overall market gains might have shifted investor focus towards other opportunities, causing a slight dip in StoneCo's stock price.
• It's essential for investors to consider the long-term growth prospects of StoneCo beyond short-term market fluctuations.

STNE Price Chart

STNE Technical Analysis

STNE News

StoneCo Ltd. ( STNE ) Q3 Earnings and Revenues Surpass Estimates

StoneCo (STNE) delivered earnings and revenue surprises of 9.38% and 1.80%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2369319/stoneco-ltd-stne-q3-earnings-and-revenues-surpass-estimates

Mettler-Toledo Q3 Earnings Top Estimates, Sales Up Y/Y, Shares Fall

MTD Q3 2024 results reflect strong growth in the Laboratory business. However, softness in the Food Retail and Industrial business reflects weaker demand.

https://www.zacks.com/stock/news/2368398/mettler-toledo-q3-earnings-top-estimates-sales-up-yy-shares-fall

Datadog Stock Gains on Q3 Earnings Beat & Y/Y Revenue Growth

DDOG's Q3 results reflect challenges, including slowed customer expansion.

https://www.zacks.com/stock/news/2367754/datadog-stock-gains-on-q3-earnings-beat-yy-revenue-growth

StoneCo Set to Report Q3 Earnings: Buy Now or Wait for Results?

STNE's Q3 results are expected to reflect the benefits of robust TPV growth and an expanding credit portfolio.

https://www.zacks.com/stock/news/2367751/stoneco-set-to-report-q3-earnings-buy-now-or-wait-for-results

StoneCo Ltd. ( STNE ) Stock Sinks As Market Gains: Here's Why

StoneCo Ltd. (STNE) closed at $11.35 in the latest trading session, marking a -1.39% move from the prior day.

https://www.zacks.com/stock/news/2366846/stoneco-ltd-stne-stock-sinks-as-market-gains-heres-why

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StoneCo Ltd. Price History

21.07.2024 - STNE Stock was down 5.2%

• In Q2 2024, StoneCo showed robust growth in clients and financial performance, suggesting a favorable trajectory for the company.
• However, the stock faced a downward trend following earnings of $0.30 per share, which fell short of the Zacks Consensus Estimate of $0.34 per share.
• Despite surpassing revenue projections and exceeding analyst expectations for earnings per share, the slight earnings miss may have disappointed investors, contributing to the bearish market movement.
• The negative market response to the earnings shortfall overshadowed the company's positive performance aspects, leading to the decline in STNE stock.

08.10.2024 - STNE Stock was down 5.3%

• StoneCo Ltd. (STNE) had a bearish movement, closing at $11.35 with a -1.39% change from the previous day.
• The comparison between STNE and Paycor HCM, Inc. (PYCR) might have influenced investor sentiment towards STNE, leading to a sell-off.
• Market gains could have diverted investor attention towards other more attractive options, contributing to the bearish movement in STNE.
• Overall, the stock's decline could be attributed to a shift in investor focus towards potentially more lucrative investment opportunities, impacting STNE negatively.

06.10.2024 - STNE Stock was up 5.2%

• Despite a slight decrease in stock price, STNE showed a strong bullish movement today.
• The comparison with Paycor HCM, Inc. might have sparked investor interest in StoneCo Ltd., leading to increased buying activity.
• The positive sentiment around StoneCo Ltd.'s value proposition could have attracted more investors, contributing to the bullish market movement.
• Overall, the market seems to be responding favorably to StoneCo Ltd.'s potential as a value investment in the Internet Software sector.

28.07.2024 - STNE Stock was down 5.1%

• STNE experienced a bearish movement today, possibly due to overall market volatility impacting fintech stocks.
• A performance comparison of Visa and its competitors in the financial services industry may have influenced investor sentiment towards fintech companies like STNE.
• Investors may have shifted focus towards established players like Visa, causing a sell-off in smaller fintech companies like STNE.
• The market movement could also be a result of profit-taking by traders following a period of gains in STNE's stock price.

11.08.2024 - STNE Stock was up 5.4%

• Analysts on Wall Street are optimistic about StoneCo (STNE), suggesting it as a buy for investors.
• This positive outlook from analysts likely influenced the strong upward movement in the stock price today.
• Investors are contemplating the addition of StoneCo to their portfolios, drawn to the growth prospects highlighted by analysts.

13.10.2024 - STNE Stock was down 7.1%

• Despite surpassing earnings and revenue estimates in Q3, StoneCo's stock experienced a strong bearish movement.
• The market reaction could be attributed to investors possibly having higher expectations for the company's performance, leading to profit-taking after the positive results.
• Additionally, the overall market gains might have shifted investor focus towards other opportunities, causing a slight dip in StoneCo's stock price.
• It's essential for investors to consider the long-term growth prospects of StoneCo beyond short-term market fluctuations.

05.10.2024 - STNE Stock was down 5.2%

• StoneCo Ltd. (STNE) experienced a bearish movement of -1.51% in its stock price today.
• The negative movement could be attributed to overall market volatility or specific concerns regarding the company's financial performance.
• Investors might be reacting to potential changes in the competitive landscape or regulatory challenges impacting StoneCo's business prospects.
• It's essential for traders to monitor any further developments to gauge the long-term impact on STNE's stock performance.

14.04.2024 - STNE Stock was down 9.7%

• The bearish movement in StoneCo's stock today can be attributed to its first-quarter FY24 results falling slightly below market expectations:
• StoneCo reported revenue and income of R$3.08 billion, missing the consensus of R$3.09 billion, leading to investor disappointment.
• Additionally, the overall sentiment in the market was negative as TeraWulf Inc. (WULF) also posted weak results, contributing to the downward trend in tech stocks.
• Despite StoneCo beating EPS and revenue estimates, the market may have been expecting stronger performance, resulting in the stock trading lower.
• Investors might be concerned about the company's growth prospects and competitive positioning in the fintech industry, leading to the bearish movement in the stock.

18.06.2024 - STNE Stock was down 5.3%

• Today, StoneCo Ltd. (STNE) experienced a strong bearish movement despite overall market gains, and here's why:
• The upcoming announcement of the second quarter 2024 financial results on August 14th may have led to uncertainty among investors, causing some to sell off their positions in anticipation of potentially disappointing results.
• Despite reporting strong early tender results for their offer to purchase and consent solicitation, the stock still saw a decline, indicating that investors might be reacting to other underlying factors.
• The comparison between STNE and ENFN as value stocks could have also influenced investor sentiment, potentially highlighting weaknesses in StoneCo Ltd.'s current valuation.
• The slight drop in the stock price despite market gains suggests that there may be specific company-related concerns overshadowing broader market trends, prompting investors to adjust their positions accordingly.

15.07.2024 - STNE Stock was up 5.5%

• The bullish movement in STNE stock today can be attributed to the following factors:
• Despite missing earnings estimates, StoneCo beat both EPS and revenue expectations for the second quarter of 2024, showcasing strong financial performance.
• The positive earnings and revenue results were driven by strong payment volume, indicating a healthy demand for StoneCo's payment processing services.
• Investors may have reacted positively to the company's ability to outperform analyst estimates, leading to increased confidence in StoneCo's growth prospects and potential for future profitability.
• Overall, the market sentiment towards StoneCo appears optimistic following the release of its Q2 earnings report, contributing to the bullish movement in the stock.

05.07.2024 - STNE Stock was up 5.4%

• StoneCo's stock showed a bullish movement today, despite trailing the overall market performance.
• The recent release of the 2023 Sustainability Report may have positively impacted investor sentiment, highlighting the company's dedication to sustainable practices.
• The successful completion of the tender offer and consent solicitation for its Senior Notes likely bolstered confidence in the company's financial standing.
• The slight decline in the stock price towards the end of the trading session could be due to profit-taking by some investors following recent gains.

15.07.2024 - STNE Stock was up 7.1%

• StoneCo (STNE) experienced a strong bullish movement today following the release of its Q2 2024 earnings results.
• The company beat analyst estimates for both earnings per share (EPS) and revenue, with EPS at 31 cents, surpassing the estimated 29 cents, and revenue reaching $615.26 million, exceeding the expected $591.81 million.
• Despite some concerns about missing estimates in earnings and revenue, the overall financial performance of StoneCo in Q2 2024 was strong, driven by robust payment volume.
• The positive financial results and strong performance in the second quarter likely instilled confidence in investors, leading to the bullish movement in STNE stock.