Root Inc expected to post a loss of $1.52 a share - Earnings Preview

Root

06/08/2024 03:58

* Root Inc  ROOT.OQ   ROOT.O  is expected to show a rise in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The Columbus Ohio-based  company is expected to report a
254.0% increase in revenue to $264.771 million from $74.8
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data. (Sales/Revenue majority basis is
on Total Revenue.)
    * ​LSEG's mean analyst estimate for Root Inc is for a loss
of
$1.52 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Root Inc is
$71.00​, above​ its last closing price of $53.73. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -2.52       -2.48      -0.42     Beat    83.1
 Dec. 31 2024  -2.77       -2.79      -1.64     Beat    41.3
 Sep. 30 2023  -2.84       -2.79      -3.16     Missed  -13.1​
 Jun. 30 2023  -3.04       -3.03      -2.55     Beat    15.7
 ​​Mar.        -3.53       -3.59      -2.88     Beat    19.7
 31 2023                                                
 Dec. 31 2022  -4.49       -4.54      -4.13     Beat    9​
 Sep. 30 2022  -6.13       -6.24      -4.54     Beat    27.3
 Jun. 30 2022  -6.45       -7.06      -6.30     Beat    10.8
 This summary was machine generated August 6 at 02:58 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)