StoneX Group Inc. (SNEX) Hits Fresh High: Is There Still Room to Run?

Company Performance - StoneX Group Inc. shares have increased by 4.6% over the past month, reaching a new 52-week high of $84.47 [1] - The company has gained 12% since the beginning of the year, outperforming the Zacks Finance sector's 16.6% and the Zacks Financial - Miscellaneous Services industry's 11.2% returns [1] Earnings and Revenue - StoneX Group has consistently exceeded earnings expectations, reporting EPS of $1.91 against a consensus estimate of $1.78 in its last earnings report on August 6, 2024 [2] - For the current fiscal year, the company is projected to achieve earnings of $7.39 per share on revenues of $3.33 billion, reflecting a -0.81% change in EPS and a 27.52% change in revenues [3] - The next fiscal year forecasts earnings of $7.40 per share on revenues of $3.27 billion, indicating a year-over-year change of 0.14% in EPS and -1.81% in revenues [3] Valuation Metrics - StoneX Group has a Value Score of A, a Growth Score of A, and a Momentum Score of F, resulting in a VGM Score of B [6] - The stock trades at 11.2X current fiscal year EPS estimates, slightly below the peer industry average of 11.6X, and at 8X on a trailing cash flow basis compared to the peer group's average of 8.7X [7] Zacks Rank - StoneX Group holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates, indicating potential for further price appreciation [8] Industry Comparison - The Financial - Miscellaneous Services industry ranks in the top 27% of all industries, suggesting favorable conditions for both StoneX Group and its peer, PJT Partners Inc. [11]