Lemonade Second Quarter 2024 Earnings: EPS Beats Expectations

Lemonade (NYSE:LMND) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$122.0m (up 17% from 2Q 2023).

• Net loss: US$57.2m (loss narrowed by 15% from 2Q 2023).

• US$0.81 loss per share (improved from US$0.97 loss in 2Q 2023).

earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lemonade EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 21% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Lemonade.

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