Does Root, Inc. (ROOT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Root (ROOT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Root's Q1 results led to reduced EPS estimates, impacted by higher operating expenses to support growth. Increased operating expenses and potential tariff impacts on claims pose risks, but Root's tech-driven model offers flexibility in adjusting policy rates. Current stock price near $150 aligns with high-growth projections, suggesting fair valuation but no margin of safety for a lower-growth future.
Root, Inc. (ROOT) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to loss of $0.42 per share a year ago.
ROOT's Q1 results are likely to reflect an increase in policies in force, higher premiums per policy and a larger investment portfolio, offset by higher expenses.
Root (ROOT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ROOT envisions being the largest and most profitable company in the industry. Let us delve deeper to find out what to do with ROOT stock now.
One of the better-performing financial stocks over the past few days hasn't been a famous bank or a prominent credit card company. Booking a share price gain of nearly 26% over the course of this week, according to data compiled by S&P Global Market Intelligence, was insurance company Root (ROOT -0.63%).
Let's find out which InsureTech is a safe investment option, ROOT or LMND.
Does Root, Inc. (ROOT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Let us delve deeper to find out what to do with ROOT stock now.
Root (ROOT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.