Recap: Root Q4 Earnings

Root (NASDAQ: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.

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.

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.