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Root Third Quarter 2022 Earnings: US$4.54 loss per share (vs US$9.57 loss in 3Q 2021)

Root (NASDAQ:ROOT) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$73.7m (down 21% from 3Q 2021).

  • Net loss: US$64.0m (loss narrowed by 52% from 3Q 2021).

  • US$4.54 loss per share (improved from US$9.57 loss in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Root Earnings Insights

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are up 3.7% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Root that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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