Root Q3 EPS $(3.16) Misses $(2.79) Estimate, Sales $115.30M Beat $76.42M Estimate
Portfolio Pulse from mahesh@benzinga.com
Root Inc. (NASDAQ:ROOT) reported Q3 losses of $3.16 per share, missing the analyst consensus estimate of $2.79 by 13.26%. However, the company's quarterly sales of $115.30 million beat the analyst consensus estimate of $76.42 million by 50.88%. This represents a 56.45% increase over sales from the same period last year.
November 01, 2023 | 9:39 pm
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Root's Q3 earnings per share missed estimates, but sales exceeded expectations and showed significant YoY growth.
Root's Q3 earnings per share missed analyst estimates, which could negatively impact investor sentiment. However, the company's sales exceeded expectations and showed significant year-over-year growth, which could offset some of the negative impact from the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100