Root Inc expected to post a loss of $2.79 a share - Earnings Preview

Root

31/10/2023 02:04

* Root Inc  ROOT.OQ   ROOT.O  is expected to show a rise in
quarterly revenue when it reports  results 
    * The Columbus Ohio-based  company is expected to report  a
3.7% increase in revenue to $76.42 million from $73.7 million a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Root Inc is for a
loss of
$2.79 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and 1 "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
$10​,
above​ its last closing price of $8.58. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  -3.04       -3.03      -2.55     Beat    15.7
 Mar. 31 2023  -3.53       -3.59      -2.88     Beat    19.7
 Dec. 31 2022  -4.49       -4.54      -4.13     Beat    9​
 Sep. 30 2022  -6.13       -6.24      -4.54     Beat    27.3
 ​​Jun.        -6.45       -7.06      -6.30     Beat    10.8
 30 2022                                                
 Mar. 31 2022  -7.24       -7.44      -4.86     Beat    34.6​
 Dec. 31 2021  -8.63       -8.72      -6.84     Beat    21.6
 Sep. 30 2021  -12.29      -12.34     -9.54     Beat    22.7
 This summary was machine generated October 31 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated