Lemonade Q4 2023 GAAP EPS $(0.61) Beats $(0.80) Estimate, Sales $115.50M Beat $111.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lemonade (LMND) reported Q4 2023 earnings with a GAAP EPS of $(0.61), surpassing the $(0.80) estimate, and sales of $115.50M, exceeding the $111.77M estimate. This represents a 30.66% increase in sales compared to the same period last year.
February 27, 2024 | 9:43 pm
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POSITIVE IMPACT
Lemonade reported a smaller loss per share and higher sales than expected for Q4 2023, indicating a positive performance trend.
Beating both EPS and sales estimates significantly, especially with a 30.66% increase in sales year-over-year, suggests operational efficiency and growth. This positive news is likely to instill investor confidence and could lead to a short-term uptick in LMND's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100