PAGS - PagSeguro Q1 2024 Earnings: Still A Good Opportunity

2024-06-05 04:31:49 ET

Summary

• PagSeguro's 1Q24 results exceeded market estimates, beating revenue estimates by 6.9% and profit estimates by 9.4%.
• The company is expanding its low-risk and profitable products while launching new and promising ones.
• Despite the positive factors, PAGS trades with a P/E discount of more than 9% to its peers.

Investment Thesis

I recommend buying PagSeguro ( PAGS ) shares after the 1Q24 results released on May 23rd. As a growth company, PagSeguro delivered a great annual increase of 31.7% in net income. Another highlight is that the company reported that it reached 31.4 million customers, of which 17.3 million are active customers....

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