Root's Return On Capital Employed Overview
Portfolio Pulse from Benzinga Insights
Root (NASDAQ:ROOT) reported Q1 sales of $70.1 million and a loss of $40.9 million. The company's Return on Capital Employed (ROCE) was -0.11%, suggesting inefficient capital allocation. Q1 earnings per share were -$2.88, beating analyst predictions of -$3.59.
June 09, 2023 | 2:48 pm
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Root's Q1 sales were $70.1 million with a loss of $40.9 million. The company's ROCE of -0.11% suggests inefficient capital allocation. However, Q1 earnings per share beat analyst predictions.
Root's Q1 results show a mixed picture. While sales and earnings per share beat analyst predictions, the negative ROCE indicates inefficient capital allocation. This could have a neutral impact on the stock price in the short term, as the positive and negative factors balance each other out.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100