Ranpak Holdings (PACK) stock soared 5.14% in the pre-market trading session on Thursday, following the company's release of its fourth-quarter 2024 earnings results that beat revenue expectations and provided an optimistic outlook for the current fiscal year.

The packaging solutions provider reported revenue of $105 million for the quarter ended December 31, 2024, a 16.2% increase from the same period last year and surpassing analysts' expectations of $100.41 million. However, the company missed on earnings per share (EPS), reporting an adjusted loss of $0.10 per share, wider than the consensus estimate of a $0.04 loss.

Despite the EPS miss, Ranpak Holdings provided an encouraging outlook for fiscal year 2025, projecting revenue growth of 5-11% and adjusted EBITDA growth of 5-16%. This positive guidance, coupled with the strong revenue growth in the fourth quarter, appears to have fueled investor optimism and driven the stock's surge in the pre-market session.