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

Root

11/11/2021 14:46

* Root Inc  ROOT.OQ  reported a quarterly adjusted loss of 53
cents​​ per share for the quarter ended in September. The mean
expectation of thirteen analysts for the quarter was for a loss
of 69 cents per share.
* Revenue fell 43% to $93.80 million from a year ago;  analysts
expected $59.50 million. 
* Root Inc's reported EPS for the quarter was a loss of 53
cents​.
* The mean earnings estimate of analysts had fallen by
about 7.1% in the last three months.​ 
* In the last 30 days two analysts negatively revised earnings
estimates 
* Root Inc shares had fallen by 11.4% this quarter and
lost 70.3% so far this year.
* The company reported a quarterly loss of $133 million.
* Wall Street's median 12-month price target for Root Inc is
$6.50 
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is 3 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell." 
This summary was machine generated November 11 at 02:46 p.m.
 ​All figures in US dollars unless otherwise stated