XP Inc. Q2: Good, But Not Enough To Change The Recommendation [Seeking Alpha]
XP Inc. - Class A (XP)
Company Research
Source: Seeking Alpha
XP Inc. reported a 19% annual increase in net revenue driven by strong debt capital market activity. Despite a P/E of 11.5x, the company needs a favorable environment for multiple expansions. Investors should wait for macroeconomic improvements, such as interest rate reductions, before considering XP Inc. shares for better performance. SlavkoSereda/iStock via Getty Images Investment Thesis I recommend selling XP Inc. ( NASDAQ: XP ) shares after the 2nd quarter results . Although the results were good, they did not change the complex scenario that the company faces. The company's valuation is also starting to look attractive with a P/E of 11x, however, with an adverse macro scenario and expectations of an increase in interest rates in Brazil, I do not see drivers that will make the shares perform well. Review Of XP Inc. Results The company released its 2nd quarter results on August 13, and they came in above expectations in both revenue and profits due to strong debt c
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XP
News
- XP Inc. Reports Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- XP Inc. Announces New Share Repurchase ProgramBusiness Wire
- XP Inc. Reports Third Quarter 2024 ResultsBusiness Wire
- XP Inc. Announces Cash DividendBusiness Wire
- XP Inc. (XP): An Oversold Midcap Stock to Buy [Yahoo! Finance]Yahoo! Finance
XP
Earnings
- 11/19/24 - Beat
XP
Analyst Actions
- 10/16/24 - JP Morgan
XP
Sec Filings
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- XP's page on the SEC website