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

Root

10/11/2022 05:54

* Root Inc  ROOT.OQ  reported a quarterly adjusted loss of
$4.54​​
per share for the quarter ended in September. The mean
expectation of ten analysts for the quarter was for a loss of
$6.18 per share.
    * Revenue fell 21.4% to $73.70 million from a year ago;
analysts
expected $74.58 million. 
    * Root Inc's reported EPS for the quarter was a loss of
$4.54​.
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Root Inc shares had fallen by 16.9% this quarter and
lost 88.3%
so far this year.
    * The company reported a quarterly loss of $64 million.
    * Wall Street's median 12-month price target for Root Inc is
$18.97 
    * 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 November
10 at 05:54 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -6.18          -4.54          Beat
 Jun. 30 2022      -7.06          -6.30          Beat
 Mar. 31 2022      -7.44          -4.86          Beat
 Dec. 31 2021      -8.72          -6.84          Beat