Shares of StoneCo Ltd (NASDAQ: STNE) surged 13.20% on Wednesday, following the Brazilian fintech company's impressive fourth-quarter 2024 financial results and optimistic forecast for 2025.
StoneCo reported an adjusted net profit of 665.6 million reais ($133 million) for Q4 2024, significantly surpassing analyst expectations of 585.1 million reais. The company's quarterly adjusted earnings per share reached R$2.26 ($0.45), beating estimates of R$1.95 by 15.9% and representing a substantial 25.56% year-over-year increase. Total revenue and income for the quarter stood at 3.6 billion reais ($720 million), slightly above the forecasted 3.591 billion reais, marking an 11.10% year-over-year growth.
Adding to investor enthusiasm, StoneCo provided an upbeat outlook for 2025. The company anticipates its adjusted basic earnings per share to exceed 8.6 reais ($1.72) and expects adjusted gross profit to surpass 7.05 billion reais ($1.41 billion) in the coming year. These forward-looking statements, coupled with the strong Q4 performance across both the core payments business and banking segment, suggest that StoneCo is well-positioned to capitalize on the expanding fintech market in Brazil, driving the impressive stock surge.