Lemonade Inc reports results for the quarter ended in December - Earnings Summary

LEMONADE

28/02/2024 24:09

* Lemonade Inc  LMND.N  reported a quarterly adjusted loss
of 61
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -93
cents.  The mean expectation of ten analysts for the quarter was
for a loss of 80 cents per share. Wall Street expected
results to range from -86 cents to -71 cents per share.
    * Revenue rose 30.7% to $115.50 million from a year ago;
analysts
expected $111.77 million. 
    * Lemonade Inc's reported EPS for the quarter was a loss
of 61
cents​.
    * The company reported a quarterly loss of $42.4 million.
    * Lemonade Inc shares had risen by 24.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the property &
casualty
insurance peer group is also "hold"

Wall Street's median 12-month price target for Lemonade Inc is
$16.50 
This summary was machine generated from LSEG data February 28 at
12:09 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.80          -0.61          Beat
 Sep. 30 2023      -0.94          -0.88          Beat
 Jun. 30 2023      -1.03          -0.97          Beat
 Mar. 31 2023      -1.13          -0.95          Beat