Root, Inc. (ROOT) shares surged 5.03% in Tuesday's intraday trading session, hitting a fresh 52-week high of $142.72. The stock's rally was fueled by the company's impressive earnings performance and robust growth prospects.

ROOT has consistently delivered positive earnings surprises, beating consensus estimates for the past four quarters. In its latest earnings report on February 26th, the company reported an EPS of $1.3, significantly outpacing the consensus estimate of -$0.63. Additionally, ROOT exceeded revenue expectations by 17.52%.

For the current fiscal year, analysts expect ROOT to post earnings of -$0.29 per share on $1.24 billion in revenues, representing a 5.14% increase in revenues compared to the previous year. Looking ahead, the company is projected to generate earnings of $0.65 per share on $1.39 billion in revenues for the next fiscal year, reflecting a remarkable year-over-year growth of 322.41% and 12.53%, respectively.