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.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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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 smaller\">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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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.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ROOT","symbol_name":"Root, Inc.","start_time":0,"source_url":"","article_id":"1190813803","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1190813803","pubTimestamp":1740642528,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Root, Inc. , 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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