Root Inc expected to post a loss of 41  cents a share - Earnings Preview

Root

25/04/2022 23:12

* Root Inc  ROOT.OQ   ROOT.O  is expected to show a fall in
quarterly revenue when it reports  results on April 27. 
    * The Columbus Ohio-based  company is expected to report  a
62.2% decrease in revenue to $76.62 million from $202.5 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 41 cents per share. For the same quarter last year, the
company reported a loss of 40 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 1.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Root Inc is
$2.25​, above​ its last closing price of $1.56. ​​​
    * 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 2021  -0.48       -0.48      -0.38     Beat    21.6
 Sep. 30 2021  -0.68       -0.69      -0.53     Beat    22.7
 Jun. 30 2021  -0.49       -0.50      -0.72     Missed  -44​
 Mar. 31 2021  -0.44       -0.44      -0.40     Beat    8.9
 ​​Dec.        -0.68       -0.71      -0.72     Missed  -1.5
 31 2020                                                
 Sep. 30 2020  -0.32       -0.32      -1.96     Missed  -519.8
                                                        ​
 This summary was machine generated April 25 at 22:12 GMT.  All
figures in US dollars  unless otherwise stated