Shares of StoneCo Ltd (NASDAQ: STNE), a leading Brazilian fintech company, surged 10.46% in a remarkable 24-hour rally on Tuesday. The stock's impressive performance came on the heels of the company's strong fourth-quarter 2024 financial results and an optimistic forecast for 2025, which significantly exceeded analyst expectations.
StoneCo reported an adjusted net profit of 665.6 million reais for Q4 2024, surpassing the consensus estimate of 585.1 million reais. The company's quarterly earnings per share reached R$2.26, beating analyst expectations of R$1.95 by 15.9%. This represents a substantial 25.56% increase compared to the same period last year. Total revenue and income for the quarter stood at 3.6 billion reais, slightly above the forecasted 3.591 billion reais, marking an 11.10% year-over-year growth.
Looking ahead, StoneCo provided an upbeat outlook for 2025, further fueling investor enthusiasm. The company anticipates its 2025 adjusted basic earnings per share to exceed 8.6 reais, while projecting adjusted gross profit to surpass 7.05 billion reais. These forward-looking statements suggest continued strong performance and growth potential, which likely contributed to the significant stock price increase. As StoneCo continues to solidify its position as a leading financial technology provider in Brazil, investors appear optimistic about the company's future prospects and ability to capitalize on the growing digital payments market.
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.