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

Root

27/04/2022 22:38

* Root Inc  ROOT.OQ  reported a quarterly adjusted loss
of 27
cents​​ per share for the quarter ended in March. The mean
expectation of ten analysts for the quarter was for a loss of 41
cents per share.
    * Revenue fell 57.8% to $85.40 million from a year ago; 
analysts
expected $76.62 million. 
    * Root Inc's reported EPS for the quarter was a loss of 30
cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.5%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Root Inc shares had fallen by 15.7% this quarter and
lost 46.5%
so far this year.
    * The company reported a quarterly loss of $76.4 million.
    * Wall Street's median 12-month price target for Root Inc is
$2.25
    * 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 April 27 at 09:38 p.m.  ​All
figures in US dollars unless otherwise stated