Root Inc expected to post a loss of $3.03 a share - Earnings Preview

Root

01/08/2023 03:04

* Root Inc  ROOT.OQ   ROOT.O  is expected to show a fall in
quarterly revenue when it reports  results on August 2. 
    * The Columbus Ohio-based  company is expected to report  a
17.7% decrease in revenue to $66.169 million from $80.4 million
a year ago, according to the mean estimate from 7 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Root Inc is for a
loss of
$3.03 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
$6​,
below​ its last closing price of $10.89. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -3.53       -3.59      -2.88     Beat    19.7
 Dec. 31 2023  -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
 ​​Mar.        -7.24       -7.44      -4.86     Beat    34.6
 31 2022                                                
 Dec. 31 2021  -8.63       -8.72      -6.84     Beat    21.6​
 Sep. 30 2021  -12.29      -12.34     -9.54     Beat    22.7
 Jun. 30 2021  -8.85       -9.00      -12.96    Missed  -44
 This summary was machine generated August 1 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated