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

Root

09/08/2022 07:26

* Root Inc  ROOT.OQ  reported a quarterly adjusted loss
of 35
cents​​ per share for the quarter ended in June. The mean
expectation of ten analysts for the quarter was for a loss of 39
cents per share.
    * Revenue fell 10.5% to $80.40 million from a year ago;
analysts
expected $83.47 million. 
    * Root Inc's reported EPS for the quarter was a loss of 36
cents​.
    * The mean earnings estimate of analysts had risen by
about 4.3%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Root Inc shares had risen by 15.1% this quarter and
lost 55.8%
so far this year.
    * The company reported a quarterly loss of $89.9 million.
    * Wall Street's median 12-month price target for Root Inc is
$2.16
    * 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." 

This summary was machine generated from Refinitiv data August 9
at 06:26 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.39          -0.35          Beat
 Mar. 31 2022      -0.41          -0.27          Beat
 Dec. 31 2021      -0.48          -0.38          Beat
 Sep. 30 2021      -0.69          -0.53          Beat