Lemonade Expects Q2 Revenue Of $118M-$120M (Est $123.02M), Gross Earned Premium Of $197M-$199M
Portfolio Pulse from Benzinga Newsdesk
Lemonade has provided its Q2 revenue forecast, expecting it to be between $118M-$120M, which is below the estimated $123.02M. Additionally, the company anticipates its Gross Earned Premium for the same period to be between $197M-$199M.
April 30, 2024 | 8:42 pm
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Lemonade's Q2 revenue forecast is below market expectations, with anticipated revenues of $118M-$120M versus an estimate of $123.02M, and a Gross Earned Premium of $197M-$199M.
The lower-than-expected revenue forecast for Q2 could lead to negative investor sentiment and potentially impact Lemonade's stock price negatively in the short term. The discrepancy between the forecasted and expected revenues indicates a potential slowdown or challenges in the company's growth trajectory, which investors may view unfavorably.
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IMPORTANCE 90
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