Recap: Root Q4 Earnings
Portfolio Pulse from Benzinga Insights
Root Inc. (NASDAQ:ROOT) reported Q4 earnings with an EPS of $-1.64, surpassing the estimated $-2.79 by 41.22%. Revenue increased by $123.5 million year-over-year. Despite missing EPS estimates last quarter, ROOT's share price increased by 16.38% the following day. The company has shown improvement in both EPS and revenue over the past four quarters.
February 21, 2024 | 9:55 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Root Inc. reported a significant beat on Q4 earnings estimates and a substantial year-over-year revenue increase.
Root Inc.'s Q4 earnings beat and revenue growth are likely to positively impact investor sentiment and the stock price in the short term. Historical data shows a positive share price movement following the last earnings report, despite missing EPS estimates. The consistent improvement in both EPS and revenue over the past quarters further strengthens the case for a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100