- XP Inc.’s net revenue for the first quarter surpassed estimates, totaling R$4.05 billion, a year-over-year increase of 29%.
- The gross revenue for the same period also surpassed estimates, standing at R$4.27 billion, marking 28% growth compared to the previous year.
- Retail revenue earned R$3.13 billion, up by 22% year-over-year, though it fell slightly short of the estimated R$3.22 billion.
- The company’s institutional investors segment generated R$354 million in revenue, marking a 6.6% year-over-year growth, though slightly under the estimated R$380.8 million.
- Revenue from other sources for XP Inc. far exceeded its estimate of R$206.1 million, coming in at R$490 million.
- The company’s performance has led to positive aircraft from investors, with 8 buying, 3 holding, and none selling their shares.
A look at XP Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have provided an overview of XP Inc’s long-term outlook utilizing the Smart Scores, a 1-5 rating system. XP received a score of 2 for both Value and Dividend factors, indicating a moderate performance in these areas. However, the company excelled in Growth with a score of 4, showcasing strong potential for expansion and development in the future. Despite scoring a 2 for Resilience and Momentum, XP’s solid Growth score suggests a positive trajectory in the long run, making it a company to watch for potential growth opportunities.
XP Inc operates as an investment management company, offering a range of financial products and services including fixed income, equities, investment funds, and private pension products. With its primary market in Brazil, XP aims to provide wealth management solutions and various financial services to its customers. The company’s high Growth score from Smartkarma’s Smart Scores highlights a promising future outlook, positioning XP as a potential candidate for long-term investment consideration.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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