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

Root

03/08/2023 07:53

* Root Inc  ROOT.OQ  reported a quarterly adjusted loss of
$2.55​​
per share for the quarter ended in June. The mean expectation of
nine analysts for the quarter was for a loss of $3.03 per share.
    * Revenue fell 7% to $74.80 million from a year ago;
analysts
expected $66.17 million. 
    * Root Inc's reported EPS for the quarter was a loss of
$2.55​.
    * The mean earnings estimate of analysts had risen by
about 9.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Root Inc shares had risen by 15.5% this quarter and
gained 130.1% so far this year.
    * The company reported a quarterly loss of $36.7 million.
    * Wall Street's median 12-month price target for Root Inc is
$8.00
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 06:52 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -3.03          -2.55          Beat
 Mar. 31 2023      -3.59          -2.88          Beat
 Dec. 31 2022      -4.54          -4.13          Beat
 Sep. 30 2022      -6.24          -4.54          Beat