Root Inc <ROOT.OQ> expected to post a loss of 44 cents a share - Earnings Preview
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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