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Lemonade (LMND) Gains As Market Dips: What You Should Know
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Lemonade (LMND - Free Report) closed at $27.56 in the latest trading session, marking a +0.04% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.23%. At the same time, the Dow lost 1.29%, and the tech-heavy Nasdaq lost 0.14%.
Prior to today's trading, shares of the company had gained 12.36% over the past month. This has outpaced the Finance sector's gain of 2.27% and the S&P 500's gain of 5.04% in that time.
Wall Street will be looking for positivity from Lemonade as it approaches its next earnings report date. On that day, Lemonade is projected to report earnings of -$1.44 per share, which would represent a year-over-year decline of 77.78%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $43.55 million, up 85.32% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$5.65 per share and revenue of $213.75 million, which would represent changes of -43.4% and +66.47%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Lemonade. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 29.97% lower. Lemonade currently has a Zacks Rank of #4 (Sell).
The Insurance - Multi line industry is part of the Finance sector. This group has a Zacks Industry Rank of 211, putting it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Lemonade (LMND) Gains As Market Dips: What You Should Know
Lemonade (LMND - Free Report) closed at $27.56 in the latest trading session, marking a +0.04% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.23%. At the same time, the Dow lost 1.29%, and the tech-heavy Nasdaq lost 0.14%.
Prior to today's trading, shares of the company had gained 12.36% over the past month. This has outpaced the Finance sector's gain of 2.27% and the S&P 500's gain of 5.04% in that time.
Wall Street will be looking for positivity from Lemonade as it approaches its next earnings report date. On that day, Lemonade is projected to report earnings of -$1.44 per share, which would represent a year-over-year decline of 77.78%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $43.55 million, up 85.32% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$5.65 per share and revenue of $213.75 million, which would represent changes of -43.4% and +66.47%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Lemonade. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 29.97% lower. Lemonade currently has a Zacks Rank of #4 (Sell).
The Insurance - Multi line industry is part of the Finance sector. This group has a Zacks Industry Rank of 211, putting it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.