Root Inc reports results for the quarter ended in December - Earnings Summary

Root

24/02/2022 05:54

* Root Inc  ROOT.OQ  reported a quarterly adjusted loss
of 38
cents​​ per share for the quarter ended in December. The mean
expectation of eleven analysts for the quarter was for a loss
of 48 cents per share.
    * Revenue fell 36% to $93.20 million from a year ago; 
analysts
expected $60.59 million. 
    * Root Inc's reported EPS for the quarter was a loss of 44
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.7%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Root Inc shares had fallen by 53.2% this quarter.
    * The company reported a quarterly loss of $109.9 million.
    * Wall Street's median 12-month price target for Root Inc is
$6.00
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated February 24 at 05:54 a.m.
 ​All figures in US dollars unless otherwise stated