Lemonade Inc expected to post a loss of 94 cents a share - Earnings Preview

LEMONADE

31/10/2023 02:07

* Lemonade Inc  LMND.N   LMND.K  is expected to show a rise
in
quarterly revenue when it reports  results on November 1. 
    * The New York City-based  company is expected to report  a
41.2% increase in revenue to $104.46 million from $74 million a
year ago, according to the mean estimate from 6 analysts, based
on Refinitiv data. The company's guidance on August 3 2023, for
the period ended September 30, was for revenue between $102.00
million and $104.00 million.
    * ​Refinitiv's mean analyst estimate for Lemonade Inc is for
a
loss of 94 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"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​, above​ its last closing price of $10.62. ​​​

The company's guidance on August 3 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 102 million and -49
million (USD).The company's guidance on August 3 2023 for the
period ended September 30 was for Capital Expenditures of USD3
million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  -1.28       -1.32      -1.37     Missed  -4.1
 ​​Jun.        -1.30       -1.32      -1.10     Beat    16.5
 30 2022                                                
 Mar. 31 2022  -1.44       -1.43      -1.21     Beat    15.6​
 Dec. 31 2021  -1.14       -1.13      -1.08     Beat    4.6
 Sep. 30 2021  -1.16       -1.16      -1.08     Beat    7
 This summary was machine generated October 31 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated