Brazil's XP Q2 net revenue rises on equities, funds platform strength
XP•Capital and analyst details
XP targets a BIS ratio in the 16% to 19% range by year-end through capital distributions.
Key reported figures:
- Q2 revenue: BRL 4.88 billion
- Q2 adjusted EPS: BRL 2.67
- Q2 gross margin: 68.60%
- Q2 net margin: 28.30%
The current average analyst rating on the shares is buy, with 9 strong buy or buy recommendations, 2 hold ratings and no sell or strong sell ratings. The average consensus recommendation for the investment banking and brokerage services peer group is buy.
Wall Street's median 12-month price target for XP Inc is $23.00, about 45.4% above its August 14 closing price of $15.82. The stock recently traded at 7 times next 12-month earnings, versus a three months ago.
