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

Root

04/05/2023 10:12

* Root Inc  ROOT.OQ  reported a quarterly adjusted loss of
$2.88​​
per share for the quarter ended in March. The mean expectation
of eleven analysts for the quarter was for a loss of $3.59 per
share.
    * Revenue fell 17.9% to $70.10 million from a year ago;
analysts
expected $64.18 million. 
    * Root Inc's reported EPS for the quarter was a loss of
$2.88​.
    * The mean earnings estimate of analysts had risen by
about 10% in
the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Root Inc shares had fallen by 8.0% this quarter and
lost 7.6% so
far this year.
    * The company reported a quarterly loss of $40.9 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 1 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 09:12 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -3.59          -2.88          Beat
 Dec. 31 2022      -4.54          -4.13          Beat
 Sep. 30 2022      -6.24          -4.54          Beat
 Jun. 30 2022      -7.06          -6.30          Beat