Lemonade Stock Rated Hold After Q2 Earnings Beat

Earnings

โดย Zacks Investment Research·Read original

Summary · why it matters

Lemonade Inc. posted second-quarter 2026 results with revenue of $294.4 million, up 79% year over year and beating the Zacks Consensus Estimate, while the bottom line matched expectations. In-force premium grew 32% to $1.43 billion, and the net loss ratio improved 800 basis points to 61%. Adjusted EBITDA loss narrowed to $18.7 million from $40.9 million a year earlier, and the company guided for third-quarter revenue of $323 to $326 million and full-year 2026 revenue of $1.214 to $1.220 billion. Despite the improving fundamentals, the stock trades at a price-to-book multiple of 7.87, well above the industry average of 3.03, and analyst estimates for 2026 and 2027 earnings have edged lower in the past week. Zacks Investment Research rates Lemonade a Hold, citing its premium valuation and muted analyst sentiment even as the company targets adjusted EBITDA profitability by the fourth quarter of 2026.

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