Lemonade's Full-Year In-Force Premium Outlook Misses Expectations. Is the Growth Story Slowing or Just Repricing?
The AI-powered online insurer barely missed Wall Street's aggressive estimates.
Overview
Lemonade's (NYSE: LMND) stock slumped after it posted its second-quarter earnings report on July 29. The online insurance company's revenue surged 79% year over year to $294 million, beating analysts' estimates by $3 million, and it narrowed its net loss from $43.9 million to $43.4 million, or $0.56 per share, which matched the consensus forecast.
Those headline numbers looked healthy, but Lemonade's full-year in-force premium (IFP) outlook slightly missed analysts' estimates. Let's see if that miss means that its growth story is ending -- or if its valuations are simply cooling off after a big multi-year rally.
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Originally published at www.fool.com.