Lemonade Inc reports results for the quarter ended in September 30 - Earnings Summary

LEMONADE

31/10/2024 02:53

* Lemonade Inc  LMND.N  reported a quarterly adjusted loss
of 95
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of -88
cents.  The mean expectation of ten analysts for the quarter was
for a loss of $1.03 per share. Wall Street expected results to
range from $-1.10 to -94 cents per share.
    * Revenue rose 19.3% to $136.60 million from a year ago;
analysts
expected $129.16 million. 
    * Lemonade Inc's reported EPS for the quarter was a loss
of 95
cents​.
    * The company reported a quarterly loss of $67.7 million.
    * Lemonade Inc shares had risen by 9.6% this quarter and
gained 12.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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
17.50 
This summary was machine generated from LSEG data October 31 at
02:53 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
 Sep. 30 2024      -1.03          -0.95          Beat
 Jun. 30 2024      -0.88          -0.81          Beat
 Mar. 31 2024      -0.79          -0.67          Beat
 Dec. 31 2023      -0.80          -0.61          Beat