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Lemonade (LMND)
NYSE:LMND
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.61Last Year’s EPS
-$0.61Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 121.55%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment with strong in-force premium growth, significant cash flow improvements, and notable efficiency gains. Despite challenges with increased operating expenses and higher net loss, the company demonstrated resilience and strategic foresight in managing catastrophic impacts and investing in growth.Company Guidance
During Lemonade's Q3 2024 earnings call, the company provided comprehensive guidance, highlighting key financial metrics and future expectations. The in-force premium grew by 24% to $889 million, while the customer base expanded by 17% to 2.3 million. The company achieved a net cash flow increase of $48 million and a free cash flow of $14 million. Gross profit rose by 71% year-over-year to $37 million, driven by a 73% gross loss ratio, marking the strongest result in four years. The annual dollar retention slightly decreased to 87%, impacted by strategic non-renewals in the home book. Lemonade's operating expenses remained stable excluding growth spend, with technology development costs flat at $22 million. For Q4 2024, the company expects in-force premium between $940 million and $944 million and a revenue of $144 million to $146 million. The adjusted EBITDA loss is projected to be between $29 million and $25 million, with continued investment in growth and technology enhancements.Strong In-Force Premium Growth
In-force premium grew by 24% to $889 million, with a customer increase of 17% to 2.3 million.
Cash Flow Positivity
Net cash flow increased by $48 million, marking the strongest cash flow quarter to date, with free cash flow at $14 million positive.
Improved Gross Loss Ratio
Gross loss ratio improved to 73% in Q3 2024, a significant improvement from 83% in Q3 2023.
Gross Profit Growth
Gross profit increased by 71% year-over-year, driven by premium growth and loss ratio improvement.
Efficiency Gains via Automation
IFP per employee grew more than 30% multi-year CAGR, approaching best-in-class levels.
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LMND Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LMND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $18.75 | $23.77 | +26.77% |
| Jul 30, 2024 | $22.63 | $18.03 | -20.33% |
| Apr 30, 2024 | $17.23 | $17.34 | +0.64% |
| Feb 27, 2024 | $21.72 | $15.70 | -27.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lemonade (LMND) report earnings?
Lemonade (LMND) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Lemonade (LMND) earnings time?
Lemonade (LMND) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LMND EPS forecast?
LMND EPS forecast for the fiscal quarter 2024 (Q4) is -$0.61.
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