Root Q3 2024 GAAP EPS $1.35 Beats $(0.98) Estimate, Sales $305.700M Beat $275.356M Estimate
Portfolio Pulse from Benzinga Newsdesk
Root (NASDAQ:ROOT) reported Q3 2024 earnings of $1.35 per share, significantly beating the analyst estimate of $(0.98). Sales reached $305.7M, surpassing the $275.356M estimate and marking a 165.13% increase from the previous year.
October 30, 2024 | 9:02 pm
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Root's Q3 2024 earnings per share of $1.35 significantly exceeded expectations, and sales of $305.7M surpassed estimates, showing strong growth compared to last year.
Root's earnings per share and sales both exceeded analyst expectations by a large margin, indicating strong financial performance. The significant year-over-year sales growth further supports a positive outlook for the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100