Earnings Outlook For Root

Root ROOT is set to give its latest quarterly earnings report on Monday, 2022-08-08. Here's what investors need to know before the announcement.

Analysts estimate that Root will report an earnings per share (EPS) of $-0.39.

Root bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $0.11, which was followed by a 10.4% increase in the share price the next day.

Here's a look at Root's past performance and the resulting price change:

Stock Performance

Shares of Root were trading at $1.32 as of August 04. Over the last 52-week period, shares are down 83.13%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

To track all earnings releases for Root visit their earnings calendar on our site.

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