Root Inc reports results for the quarter ended September 30 - Earnings Summary

• Root Inc reported quarterly adjusted earnings of 86 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -35 cents. The mean expectation of six analysts for the quarter was for earnings of 59 cents per share. Wall Street expected results to range from 45 cents to 90 cents per share.

• Revenue fell 1.4% to $382.30 million from a year ago; analysts expected $384.33 million.

• Root Inc's reported EPS for the quarter was 86 cents​.

• The company reported quarterly net income of $14.4 million.

• Root Inc shares had risen by 16.8% this quarter and lost 25.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 24.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is also "hold"

• Wall Street's median 12-month price target for Root Inc is $53.00, about 7.8% below its last closing price of $57.15

This summary was machine generated from LSEG data November 5 at 02:07 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)