Root (NASDAQ:ROOT) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Root beat estimated earnings by 19.78%, reporting an EPS of $-2.88 versus an estimate of $-3.59.
Revenue was down $15.30 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.41 which was followed by a 1.54% drop in the share price the next day.
Here’s a look at Root’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -4.54 | -6.18 | -7.02 | -7.38 |
| EPS Actual | -4.13 | -4.54 | -6.48 | -5.40 |
| Revenue Estimate | 68.20M | 74.58M | 83.47M | 76.62M |
| Revenue Actual | 71.30M | 73.70M | 80.40M | 85.40M |
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.
