Lemonade Inc expected to post a loss of 88 cents a share - Earnings Preview

LEMONADE

26/07/2024 22:23

* Lemonade Inc  LMND.N   LMND.K  is expected to show a rise
in
quarterly revenue when it reports  results on July 30 for the
period ending June 30 2024
    * The New York City-based  company is expected to report a
16.4% increase in revenue to $121.771 million from $104.6
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on April 30
2024, for the period ended June 30, was for revenue between
$118.00 million and $120.00 million.
    * ​LSEG's mean analyst estimate for Lemonade Inc is for a
loss
of 88 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
$17.50​, below​ its last closing price of $23.42. ​​​

The company's guidance on April 30 2024 for the period ended
June 30 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 118 million and -47 million
(USD).The company's guidance on April 30 2024 for the period
ended June 30 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  
 Mar. 31 2024  -0.79       -0.79      -0.67     Beat    15.7
 Dec. 31 2024  -0.79       -0.80      -0.61     Beat    23.6
 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.        -1.13       -1.13      -0.95     Beat    16.2
 31 2023                                                
 Dec. 31 2022  -1.21       -1.20      -0.93     Beat    22.3​
 Sep. 30 2022  -1.28       -1.32      -1.37     Missed  -4.1
 Jun. 30 2022  -1.30       -1.32      -1.10     Beat    16.5
 This summary was machine generated July 26 at 21:23 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)