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

Root

22/02/2023 23:14

* Root Inc  ROOT.OQ  reported a quarterly adjusted loss of
$4.13​​
per share for the quarter ended in December. The mean
expectation of eleven analysts for the quarter was for a loss of
$4.54 per share.
    * Revenue fell 23.5% to $71.30 million from a year ago;
analysts
expected $68.20 million. 
    * Root Inc's reported EPS for the quarter was a loss of
$4.13​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Root Inc shares had risen by 32.1% this quarter.
    * The company reported a quarterly loss of $58.3 million.
    * Wall Street's median 12-month price target for Root Inc is
$9.00
    * 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." 

This summary was machine generated from Refinitiv data February
22 at 11:14 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -4.54          -4.13          Beat
 Sep. 30 2022      -6.24          -4.54          Beat
 Jun. 30 2022      -7.06          -6.30          Beat
 Mar. 31 2022      -7.44          -4.86          Beat