Root Inc expected to post a loss of $3.59 a share - Earnings Preview

Root

02/05/2023 03:02

* Root Inc  ROOT.OQ   ROOT.O  is expected to show a fall in
quarterly revenue when it reports  results on May 3. 
    * The Columbus Ohio-based  company is expected to report  a
24.8% decrease in revenue to $64.182 million from $85.4 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Root Inc is for a
loss of
$3.59 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 9
"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​,
above​ its last closing price of $4.24. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Mar. 31 2022  -7.24       -7.44      -4.86     Beat    34.6
 ​​Dec.        -8.63       -8.72      -6.84     Beat    21.6
 31 2021                                                
 Sep. 30 2021  -12.29      -12.34     -9.54     Beat    22.7​
 Jun. 30 2021  -8.85       -9.00      -12.96    Missed  -44
 Mar. 31 2021  -7.94       -7.91      -7.20     Beat    8.9
 This summary was machine generated May 2 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated