StoneX Group Inc.'s stock soared 5.43% in Thursday's trading session, driven by the company's impressive fourth quarter earnings results. The finacial services firm reported better-than-expected revenue and earnings per share for the period ended December 31, 2024.
According to the earnings report, StoneX's revenue climbed 16.7% year-over-year to $492.1 million, surpassing analysts' expectations of $473.35 million. The company's adjusted earnings per share came in at $2.54, significantly higher than analysts' consensus estimate of $2.17 and the prior year's $2.13.
The strong quarterly performance appears to have fueled investor optimism, resulting in the substantial intraday rally for StoneX's stock. With the company consistently exceeding Wall Street's projections, analysts maintain a bullish "strong buy" rating on the shares.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.