ROOT to Come Up With Q1 Earnings: Here's What to Expect [Yahoo! Finance]
Root, Inc. (ROOT)
Company Research
Source: Yahoo! Finance
Factors at Play The first-quarter performance of Root, an auto insurer with a focus on the personal line, is likely to have benefited from better pricing and underwriting technology as well as prudent cost management. Its reinsurance strategy, driving higher retention and reduction in reinsurance costs, is likely to have added to the upside. An increase in policies-in-force coupled with higher premiums per policy is likely to have driven higher premiums in the to-be-reported quarter. The Zacks Consensus Estimate for premiums earned is pegged at $170 million, a nearly three-fold increase from the year-ago reported figure. Given a solid policy in force in place, premiums in force are also expected to have increased. Partnerships across many verticals, including automotive, financial services, affinity and agency channels, are likely to have added to the upside. Net investment income is likely to have benefited from an improved interest rate environment as the auto insurer inves
Show less
Read more
Impact Snapshot
Event Time:
ROOT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ROOT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ROOT alerts
High impacting Root, Inc. news events
Weekly update
A roundup of the hottest topics
ROOT
News
- Root, Inc. (NASDAQ: ROOT) had its "outperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $80.00 price target on the stock, up previously from $70.00.MarketBeat
- New Strong Buy Stocks for May 6th [Yahoo! Finance]Yahoo! Finance
- Best Momentum Stocks to Buy for May 6th [Yahoo! Finance]Yahoo! Finance
- Root, Inc. (NASDAQ:ROOT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Carvana Shares Soar on Better-Than-Expected Profit as Sales Rise [BNN Bloomberg (Canada)]BNN Bloomberg
ROOT
Earnings
- 4/30/24 - Beat
ROOT
Sec Filings
- 5/7/24 - Form SC
- 5/6/24 - Form 4
- 5/3/24 - Form 4
- ROOT's page on the SEC website