Palomar Holdings Inc expected to post earnings of 94 cents a share - Earnings Preview

Palomar Holdings

30/04/2024 21:45

* Palomar Holdings Inc  PLMR.OQ   PLMR.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 2 for
the period ending March 31 2024
    * The La Jolla California-based  company is expected to
report a
30.7% increase in revenue to $326.885 million from $250.11
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Gross Premiums Written)
    * ​LSEG's mean analyst estimate for Palomar Holdings Inc is
for
earnings of 94 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Palomar
Holdings
Inc is $89.00​, above​ its last closing price of $80.25. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.93        0.94       1.11      Beat    18.3
 Sep. 30 2023  0.74        0.74       0.92      Beat    25
 Jun. 30 2023  0.84        0.83       0.86      Beat    3.3​
 Mar. 31 2023  0.74        0.74       0.80      Beat    8.2
 ​​Dec.        0.74        0.74       0.82      Beat    10.2
 31 2022                                                
 Sep. 30 2022  0.49        0.51       0.29      Missed  -43.6​
 Jun. 30 2022  0.68        0.68       0.73      Beat    7
 Mar. 31 2022  0.66        0.65       0.68      Beat    4.6
 This summary was machine generated April 30 at 20:45 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)