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

LEMONADE

01/05/2024 24:14

* Lemonade Inc  LMND.N  reported a quarterly adjusted loss
of 67
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -95
cents.  The mean expectation of ten analysts for the quarter was
for a loss of 79 cents per share. Wall Street expected
results to range from -85 cents to -75 cents per share.
    * Revenue rose 25.1% to $119.10 million from a year ago;
analysts
expected $114.32 million. 
    * Lemonade Inc's reported EPS for the quarter was a loss
of 67
cents​.
    * The company reported a quarterly loss of $47.3 million.
    * Lemonade Inc shares had risen by 9.0% this quarter and
gained 10.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$17.00 
This summary was machine generated from LSEG data April 30 at
11:14 p.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
 Mar. 31 2024      -0.79          -0.67          Beat
 Dec. 31 2023      -0.80          -0.61          Beat
 Sep. 30 2023      -0.94          -0.88          Beat
 Jun. 30 2023      -1.03          -0.97          Beat