Root Inc expected to post a loss of $6.18 a share - Earnings Preview

Root

08/11/2022 03:05

* Root Inc  ROOT.OQ   ROOT.O  is expected to show a fall in
quarterly revenue when it reports  results on November 9. 
    * The Columbus Ohio-based  company is expected to report  a
20.5% decrease in revenue to $74.582 million from $93.8 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
$6.18 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 8
"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
$19.97​, above​ its last closing price of $7.11. ​​​

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 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​
 Sep. 30 2021  -12.29      -12.34     -9.54     Beat    22.7
 ​​Jun.        -8.85       -9.00      -12.96    Missed  -44
 30 2021                                                
 Mar. 31 2021  -7.94       -7.91      -7.20     Beat    8.9​
 Dec. 31 2020  -12.18      -12.77     -12.96    Missed  -1.5
 Sep. 30 2020  -5.69       -5.69      -35.28    Missed  -519.8
 This summary was machine generated November 8 at 03:04 GMT.  All
figures in US dollars  unless otherwise stated