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This Disruptive Innovator Could Join Tomorrow's Growth Stock Elite in the Wake of FAANG and the "Magnificent Seven"
The Motley Fool· 2024-03-01 07:31
The "Magnificent Seven" stocks are hogging the stock market's spotlight these days. That makes perfect sense, of course. They are seven of the largest stocks by market value and among today's most exciting growth stocks.But this list won't be the talk of Wall Street forever. Most of them also had membership cards to the older FANG group, which Jim Cramer defined in 2013 and expanded to FAANG four years later. But Tesla and Nvidia were minnows then, with market caps below $10 billion. Whoever joins the next ...
Why Investors Willing To Take A Chance Should Consider Lemonade's Future Growth Potential
Seeking Alpha· 2024-02-29 21:18
RyanKing999Lemonade (NYSE: LMND) reported earnings on February 27, 2023, which looked excellent initially. The company exceeded its guidance for Revenue, In-Force Premium ("IFP"), Gross Earned Premium ("GEP"), and Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). The company also looks like it remains on track to achieve positive net cash flow in the first half of 2025. In addition, it beat analysts' revenue guidance by $3.99 million and GAAP (Generally Accepted Accounti ...
Why Lemonade Stock Turned Sour Today
The Motley Fool· 2024-02-28 20:10
Shares of Lemonade (LMND -26.17%) soured on Wednesday. The stock fell as much as 28.4% in the morning and stayed near this lower level throughout the day, showing extremely heavy trading volume. This harsh reaction to Lemonade's fourth-quarter earnings report wiped out a recent price spike as investors reset their expectations for Lemonade's near-term business prospects.Why investors soured on Lemonade's sweet reportThere wasn't anything wrong with the financials Lemonade reported yesterday. Lemonade's rev ...
Why Is Lemonade Stock Plummeting Today?
The Motley Fool· 2024-02-28 16:20
In this video, I will review Lemonade's (LMND -26.47%) fourth-quarter earnings, which were better than this reaction suggests.*Stock prices used were from the trading day of Feb. 27, 2024. The video was published on Feb. 28, 2024. ...
Lemonade (LMND) Q4 Earnings Top Estimates on Higher Premiums
Zacks Investment Research· 2024-02-28 12:41
Lemonade, Inc. (LMND) reported fourth-quarter 2023 operating loss of 61 cents per share, narrower than the Zacks Consensus Estimate of a loss of 79 cents as well as the year-ago loss of 93 cents per share.Quarterly results reflect improved gross earned premiums, driven by an increase in in-force premium earned and lower expense.Behind the Q4 HeadlinesRevenues increased 30.6% year over year to $115.5 million, driven by an increase in gross earned premium and higher investment income. The top line beat the Za ...
Lemonade (LMND) Reports Q4 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-02-28 01:31
For the quarter ended December 2023, Lemonade (LMND) reported revenue of $115.5 million, up 30.7% over the same period last year. EPS came in at -$0.61, compared to -$0.93 in the year-ago quarter.The reported revenue represents a surprise of +2.13% over the Zacks Consensus Estimate of $113.1 million. With the consensus EPS estimate being -$0.79, the EPS surprise was +22.78%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...
Lemonade (LMND) Reports Q4 Loss, Tops Revenue Estimates
Zacks Investment Research· 2024-02-28 00:56
Lemonade (LMND) came out with a quarterly loss of $0.61 per share versus the Zacks Consensus Estimate of a loss of $0.79. This compares to loss of $0.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.78%. A quarter ago, it was expected that this company would post a loss of $0.93 per share when it actually produced a loss of $0.88, delivering a surprise of 5.38%.Over the last four quarters, the company has surpassed consen ...
Lemonade warns that increased spending will hurt its near-term profit
Market Watch· 2024-02-27 22:51
Lemonade Inc., a tech-powered insurance provider, said Tuesday it would spend more on growth this year, a move it said would hurt profits in the months ahead following a year of “extraordinary challenges” in the insurance industry.In a letter to shareholders, management said Lemonade LMND, +8.44% planned to “roughly double” its growth budget this year from the $55 million it spent in 2023. “As the universe of products and geographies where we are rate-adequate expands, we intend to grow in lockstep. Ours, a ...
Lemonade Announces Fourth Quarter and Full Year 2023 Financial Results
Businesswire· 2024-02-27 21:30
NEW YORK--(BUSINESS WIRE)--Lemonade, Inc. (NYSE: LMND) has released its fourth quarter and full year 2023 financial results by posting them to its website. Please view the Q4 2023 financial results in the Letter to Shareholders on the company’s investor relations website. On Wednesday, February 28, 2024, Lemonade will host a conference call at 8:00 a.m. Eastern time (5:00 a.m. Pacific time) to discuss the results. To register for this conference call, please use this link. Registrants will receive confirm ...
Lemonade(LMND) - 2023 Q4 - Annual Report
2024-02-27 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to Commission file number: 001-39367 Lemonade, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or ...