Roadzen Inc reports results for the quarter ended June 30 - Earnings Summary

• Roadzen Inc RDZN.OQ reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -71 cents. The lone analyst forecast for the quarter was for a loss of 5 cents per share.

• Revenue rose 21.7% to $10.87 million from a year ago; analysts expected $11.41 million.

• Roadzen Inc's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $4.01 million.

• Roadzen Inc shares had risen by 21.4% this quarter and lost 45.4% so far this year.

FORECAST CHANGES

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

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is also "buy"

• Wall Street's median 12-month price target for Roadzen Inc is $4.50, about 73.6% above its last closing price of $1.19

This summary was machine generated from LSEG data August 13 at 09:01 p.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)