- XP Inc. reported a net income of R$1.19 billion for the third quarter.
- The company’s gross revenue reached R$4.54 billion, marking a 3.9% increase compared to the same period last year. This was slightly below the estimated R$4.6 billion.
- Retail revenue grew by 9.9% year-over-year, totaling R$3.49 billion, and exceeded the estimated R$3.36 billion.
- Revenue from institutional investors declined by 12% year-over-year, amounting to R$340 million, which did not meet the estimated R$374.5 million.
- Corporate & Issuer Services generated R$552 million in revenue, up 6.4% from the previous year.
- Overall, XP Inc.’s net revenue was R$4.32 billion, reflecting a 4.5% increase from last year, but it came in below the estimated R$4.37 billion.
A look at XP Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
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 the long-term outlook for XP Inc, a leading investment management company based in Brazil. By utilizing Smart Scores, which range from 1 to 5 with higher scores indicating better performance in different factors, XP Inc has received varying scores in key areas. With a strong focus on Growth and Momentum, scoring 4 in each category, XP Inc is positioned well for future expansion and market presence. This showcases the company’s potential for sustained growth and favorable market performance.
However, the company received relatively lower scores in Value, Dividend, and Resilience, indicating areas where improvement may be sought. These scores suggest that while XP Inc excels in growth and momentum, there may be opportunities to enhance value, dividends, and resilience in the long run. Overall, XP Inc’s mix of scores depicts a company with strong growth prospects and market momentum, albeit with potential areas for optimization in value, dividends, and resilience.
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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