Lemonade Sees Q1 2024 Revenue $111M-$113M Vs 119.779M Est.
Portfolio Pulse from Benzinga Newsdesk
Lemonade, an insurance company, has projected its Q1 2024 revenue to be between $111M and $113M, which is below the estimated $119.779M by analysts.
February 27, 2024 | 9:58 pm
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Lemonade's projected Q1 2024 revenue is below analyst expectations, indicating potential short-term negative impact on its stock price.
Revenue projections that fall short of analyst expectations can lead to negative investor sentiment and a decrease in stock price. Given that Lemonade's projected revenue is significantly below the estimated figure, this could result in a short-term negative impact on its stock price.
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