StoneCo Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts



StoneCo Ltd. (NASDAQ:STNE) is set to release earnings results for its first quarter after the closing bell on May 13.

Analysts expect the George Town, the Cayman Islands-based company to report quarterly earnings at 28 cents per share, up from 15 cents per share in the year-ago period. StoneCo is projected to report quarterly revenue of $607.57 million, compared to $565.99 million a year ago, according to data from Benzinga Pro.

On March 18, StoneCo reported weaker-than-expected sales for its fourth quarter.

StoneCo shares fell 0.6% to close at $16.60 on Friday.

Benzinga …

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