Root Inc expected to post a loss of 93 cents a share - Earnings Preview

Root

29/10/2024 03:00

* Root Inc  ROOT.OQ   ROOT.O  is expected to show a rise in
quarterly revenue when it reports  results on October 30 for the
period ending September 30 2024
    * The Columbus Ohio-based  company is expected to report a
138.8% increase in revenue to $275.356 million from $115.3
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data. (Sales/Revenue majority basis is
on Total Revenue.)
    * ​LSEG's mean analyst estimate for Root Inc is for a loss
of 93
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 10.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Root Inc is
$64.00​, above​ its last closing price of $40.47. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   -1.42       -1.36      -0.52     Beat    61.8
 Mar. 31 0001  -2.52       -2.48      -0.42     Beat    83.1
 Dec. 31 2023  -2.77       -2.79      -1.64     Beat    41.3​
 Sep. 30 2023  -2.84       -2.79      -3.16     Missed  -13.1
 ​​Jun.        -3.04       -3.03      -2.55     Beat    15.7
 30 2023                                                
 Jan. 1 0001   -3.53       -3.59      -2.88     Beat    19.7​
 Dec. 31 2022  -4.49       -4.54      -4.13     Beat    9
 Sep. 30 2022  -6.13       -6.24      -4.54     Beat    27.3
 This summary was machine generated October 29 at 02:59 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)