Lemonade (LMND) stock sinks as market gains: what you need to know

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This story originally appeared on Zacks

Lemonade (LMND) closed at $ 28.77 in the most recent trading session, marking a -0.52% move from the previous day. This change left the S&P 500 up 0.52% on the day. Meanwhile, the Dow lost 0.06%, and the Nasdaq, a tech-heavy index, added 0.37%.

– Zacks

Prior to today’s trading, shares of the company lost 18.14% in the past month. This left the financial sector’s loss of 0.77% and the S&P 500’s loss of 6.51% at that time.

Wall Street will seek positivity from Lemonade as it approaches its next earnings reporting date. In that report, analysts expect Lemonade to earn $ 1.13 a share. This will be a year-on-year decrease of 88.33%. Meanwhile, the Zacks consensus estimate for revenue predicts net sales of $ 39.35 million, 91.95% higher than last year.

Investors should also take note of any recent changes to analyst estimates for Lemonade. Recent reviews tend to reflect the latest business trends in the short term. As such, positive rating reviews reflect analysts’ optimism about the company’s business and profitability.

Our research shows that these estimate changes are directly correlated with short-term stock prices. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these estimation changes into account and provides a workable rating system.

The Zacks Rank system ranges from # 1 (Strong Buy) to # 5 (Strong Sell). It has a remarkable, unaudited record of success, with # 1 equities delivering an average annual return of + 25% since 1988. Within the last 30 days, our consensus EPS projection has remained stagnant. Lemonade currently has a Zacks Rank of # 3 (Like).

The Insurance – Multiline industry is part of the Financial sector. This industry currently has a Zacks Industry Rank of 195, which places it among the bottom 24% of all 250+ industries.

The Zacks Industry Rank includes are listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to track all of these stock-shifting metrics, and more, in the upcoming trading sessions.

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Lemonade, Inc. (LMND): Free Inventory Analysis Report

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