Root Inc - Class A logo

ROOT

Root Inc - Class A

$17.37

Earnings Summary

Revenue
$85.4Mn
Net Profits
$-76.4Mn
Net Profit Margins
-89.46%

Highlights

Revenue:

Root Inc - Class A’s revenue jumped 24.49% since last year same period to $85.4Mn in the Q1 2022. On a quarterly growth basis, Root Inc - Class A has generated -8.37% fall in its revenue since last 3-months.

Net Profits:

Root Inc - Class A’s net profit jumped 23.29% since last year same period to $-76.4Mn in the Q1 2022. On a quarterly growth basis, Root Inc - Class A has generated 30.48% jump in its net profits since last 3-months.

Net Profit Margins:

Root Inc - Class A’s net profit margin jumped 38.38% since last year same period to -89.46% in the Q1 2022. On a quarterly growth basis, Root Inc - Class A has generated 24.13% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Root Inc - Class A post its latest quarter earnings

EPS Estimate Current Quarter
-0.39
EPS Estimate Current Year
-0.39

Highlights

EPS Estimate Current Quarter:

Root Inc - Class A’s earning per share (EPS) estimates for the current quarter stand at -0.39 - a 4.88% jump from last quarter’s estimates.

EPS Estimate Current Year:

Root Inc - Class A’s earning per share (EPS) estimates for the current year stand at -0.39.

Key Ratios

Key ratios of the Root Inc - Class A post its Q1 2022 earnings

Earning Per Share (EPS)
-0.27
Return on Assets (ROA)
-0.15
Return on Equity (ROE)
-0.65
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Root Inc - Class A’s earning per share (EPS) jumped 32.5% since last year same period to -0.27 in the Q1 2022. This indicates that the Root Inc - Class A has generated 32.5% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Root Inc - Class A’s return on assets (ROA) stands at -0.15.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Root Inc - Class A’s return on equity (ROE) stands at -0.65.

Dividend Per Share (DPS):

Root Inc - Class A declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-04
-0.41
-0.27
34.15%

Company Information

Root Insurance is the nation’s first licensed insurance carrier powered entirely by mobile. Root was founded on the principle that auto insurance rates should be based primarily on driving behaviors, not demographics. Using mobile technology and data science, Root offers personalized, fair rates to good drivers all through an easy-to-use app. Root is headquartered in Columbus, Ohio, with renters insurance available in Arkansas, Missouri, Ohio, Georgia, Kentucky, Nevada, Tennessee, and Utah, and auto insurance currently available to drivers in Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Mexico, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and West Virginia.

Organisation
Root Inc - Class A
Employees
1K
Industry
Finance