Brazilian Fintechs Earnings Preview Q3: My Thoughts On PAGS, PICS And STNE
The earnings preview expects a weak quarter for acquiring, as lower take rates offset modest transaction-volume growth. It says credit growth may support results, but flags rising delinquencies, risk costs and financial expenses, and describes STNE as facing structural deterioration.
Why it matters — STNE watchers should note the preview’s negative assessment of the company’s position amid sector-wide credit and cost pressures.