FinTech Boom Sets StoneCo on Profit Path: Time to Buy the Stock?

StoneCo Ltd. (STNE) shares have skyrocketed roughly 68.5% year to date, outpacing the broader Internet–Software industry and the S&P 500 benchmark, which have improved by about 7.3% and 1.2%, respectively. This stellar performance has been driven by three consecutive quarters of earnings beats. In the last reported quarter, the company’s adjusted earnings per share were 34 cents, 6.3% ahead of the Zacks Consensus Estimate.This financial technology solutions company’s strategic repricing initiatives and capi ...