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

Root

19/02/2024 21:36

* Root Inc  ROOT.OQ   ROOT.O  is expected to show a rise in
quarterly revenue when it reports  results on February 21 for
the period ending December 31 2023
    * The Columbus Ohio-based  company is expected to report a
78.1% increase in revenue to $126.994 million from $71.3 million
a year ago, according to the mean estimate from 6 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
$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 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
$11.00​, above​ its last closing price of $8.91. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  -3.53       -3.59      -2.88     Beat    19.7​
 Dec. 31 2022  -4.49       -4.54      -4.13     Beat    9
 ​​Sep.        -6.13       -6.24      -4.54     Beat    27.3
 30 2022                                                
 Jun. 30 2022  -6.45       -7.06      -6.30     Beat    10.8​
 Mar. 31 2022  -7.24       -7.44      -4.86     Beat    34.6
 Dec. 31 2021  -8.63       -8.72      -6.84     Beat    21.6
 This summary was machine generated February 19 at 21:36 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)