Lemonade Inc expected to post a loss of 80 cents a share - Earnings Preview

LEMONADE

24/02/2024 01:05

* Lemonade Inc  LMND.N   LMND.K  is expected to show a rise
in
quarterly revenue when it reports  results on February 27 for
the period ending December 31 2023
    * The New York City-based  company is expected to report a
26.4% increase in revenue to $111.771 million from $88.4 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.The company's guidance on November 2 2023,
for the period ended December 31, was for revenue between
$107.00 million and $109.00 million.
    * ​LSEG's mean analyst estimate for Lemonade Inc is for a
loss
of 80 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Lemonade
Inc is
$16.50​, below​ its last closing price of $17.90. ​​​

The company's guidance on November 2 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 107 million and -42
million (USD).The company's guidance on November 2 2023 for the
period ended December 31 was for Capital Expenditures of USD3
million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.94       -0.94      -0.88     Beat    6.8
 Jun. 30 2023  -1.03       -1.03      -0.97     Beat    5.5
 Mar. 31 2023  -1.13       -1.13      -0.95     Beat    16.2​
 Dec. 31 2022  -1.21       -1.20      -0.93     Beat    22.3
 ​​Sep.        -1.28       -1.32      -1.37     Missed  -4.1
 30 2022                                                
 Jun. 30 2022  -1.30       -1.32      -1.10     Beat    16.5​
 Mar. 31 2022  -1.44       -1.43      -1.21     Beat    15.6
 Dec. 31 2021  -1.14       -1.13      -1.08     Beat    4.6
 This summary was machine generated February 24 at 01:05 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)