Root Inc expected to post a loss of 69 cents a share - Earnings Preview

Root

09/11/2021 02:32

* Root Inc  ROOT.OQ   ROOT.O  is expected to show a fall in
quarterly revenue when it reports  results on November 10. 
* The Columbus, Ohio-based company is expected to report  a
63.9% decrease in revenue to $59.497 million from $164.6 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 69 cents per share. For the same quarter last year, the
company reported a loss of $1.96 per share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is 3 "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
$6.5​, about 22% above​ its last closing price of $5.07. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  -0.49       -0.50      -0.72     Missed  -44
 Mar. 31 2021  -0.44       -0.44      -0.40     Beat    8.9
 Dec. 31 2020  -0.68       -0.71      -0.72     Missed  -1.5​
 Sep. 30 2020  -0.32       -0.32      -1.96     Missed  -519.8
 ​​                                                     
                                                        ​
 This summary was machine generated November 9 at 02:32 GMT.  All
figures in US dollars unless otherwise stated