Stock Track | Root, Inc. Soars 24.61% as Q4 Earnings and Growth Outlook Impress Markets

Stock Track

02-27

Root, Inc. (NASDAQ: ROOT), a tech-driven insurance company, experienced a remarkable 24.61% surge in its stock price during the trading session on Thursday. This substantial upswing can be attributed to the company's stellar fourth-quarter and full-year 2024 financial performance, as well as its promising growth outlook.

The company announced its fourth-quarter results in the post-market hours on Wednesday, revealing a $1.62 earnings per share (EPS), marking a significant outperformance compared to analysts' expectations of a loss of $0.44 per share. Additionally, Root's fourth-quarter revenue of $326.7 million exceeded the consensus estimate of $291 million, reflecting the company's robust growth trajectory.

Notably, Root achieved positive net income for the second consecutive quarter and marked a full-year net profit of $31 million, representing a substantial improvement of $178 million over the previous fiscal year. The company attributed its success to strategic decisions made in 2022 and 2023, paving the way for what it dubbed a "landmark year" in 2024.

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Soars 24.61% as Q4 Earnings and Growth Outlook Impress Markets\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-27 15:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Root, Inc. (NASDAQ: ROOT), a tech-driven insurance company, experienced a remarkable 24.61% surge in its stock price during the trading session on Thursday. 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