Earnings Preview For Lemonade
Portfolio Pulse from Benzinga Insights
Lemonade (NYSE:LMND) is scheduled to release its quarterly earnings report on 2024-02-27, with an estimated EPS of $-0.80. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows significant stock price movements following earnings announcements, with a 47.0% increase after last quarter's beat. Shares are currently trading at $17.9, reflecting a 9.82% increase over the last 52 weeks.
February 26, 2024 | 2:01 pm
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Lemonade is anticipated to report an EPS of $-0.80 for the quarter. Historical performance shows significant price volatility post-earnings, with a notable 47.0% increase after last quarter's beat.
Given Lemonade's history of stock price movements post-earnings, especially the 47.0% increase after last quarter's beat, there's a strong potential for positive short-term impact if the company beats the EPS estimate again and provides favorable guidance. The anticipation of this event, based on past trends, suggests a likely increase in stock price if the earnings report is positive.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100