Root Inc reports results for the quarter ended March 31 - Earnings Summary

• Root Inc ROOT.OQ reported quarterly adjusted earnings of $1.07​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -42 cents. The mean expectation of six analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 3 cents to 56 cents per share.

• Revenue rose 37.1% to $349.40 million from a year ago; analysts expected $313.28 million.

• Root Inc's reported EPS for the quarter was $1.07​.

• The company reported quarterly net income of $17.5 million.

• Root Inc shares had risen by 4.9% this quarter and gained 92.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 195.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• 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 average consensus recommendation for the property & casualty insurance peer group is "hold."

• Wall Street's median 12-month price target for Root Inc is $142.00

This summary was machine generated from LSEG data May 8 at 11:09 a.m. UTC. ​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)