Recap: Root Q4 Earnings

Root ROOT reported its Q4 earnings results on Wednesday, February 21, 2024 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Root beat estimated earnings by 41.22%, reporting an EPS of $-1.64 versus an estimate of $-2.79.

Revenue was up $123.50 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.37 which was followed by a 16.38% increase in the share price the next day.

Here's a look at Root's past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate -2.79 -3 -3.59 -4.54
EPS Actual -3.16 -2.55 -2.88 -4.13
Revenue Estimate 76.42M 73.00M 64.18M 68.20M
Revenue Actual 115.30M 74.80M 70.10M 71.30M

To track all earnings releases for Root visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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