Root Inc expected to post a loss of 44 cents a share - Earnings Preview

Reuters
02-25
Root Inc <root.oq> expected to post a loss of 44 cents a share - Earnings Preview </root.oq>
  • Root Inc ROOT.OQ ROOT.O is expected to show a rise in quarterly revenue when it reports results on February 26 for the period ending December 31 2024

  • The Columbus Ohio-based company is expected to report a 49.4% increase in revenue to $290.993 million from $194.8 million a year ago, according to the mean estimate from 6 analysts, based on LSEG data. (Sales/Revenue majority basis is on Total Revenue.)

  • ​LSEG's mean analyst estimate for Root Inc is for a loss of 44 cents per share.

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street's median 12-month price target for Root Inc is $85.00​, below​ its last closing price of $100.21. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Sep. 30 2024

-0.95

-0.98

1.35

Beat

237.4

Jun. 30 2024

-1.42

-1.36

-0.52

Beat

61.8

Mar. 31 2024

-2.52

-2.48

-0.42

Beat

83.1​

Dec. 31 2023

-2.77

-2.79

-1.64

Beat

41.3

​​Sep. 30 2023

-2.84

-2.79

-3.16

Missed

-13.1

Jun. 30 2023

-3.04

-3.03

-2.55

Beat

15.7​

Mar. 31 2023

-3.53

-3.59

-2.88

Beat

19.7

Dec. 31 2022

-4.49

-4.54

-4.13

Beat

9

This summary was machine generated February 24 at 21:04 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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