2 Reasons dLocal Is My Top Buy Right Now
After crushing its third-quarter earnings report where it beat revenue estimations and missed earnings estimates by just $0.01 per share, dLocal Limited's (NASDAQ: DLO) stock price took a 20% haircut. That might not sound fair, but dLocal stock was trading at over 100 times sales going into earnings, so the company needed a perfect quarter if it was going to see shares rise further.
Even though it marginally missed earnings estimates, the South American fintech company's quarter was still impressive. There are two things that dLocal investors should be monitoring for success, and both of these metrics were strong in Q3. It was a company worth further investment consideration before its Q3 earnings, and I like the stock even more at a 20% discount.
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Source Fool.com
