Palomar Holdings Inc reports results for the quarter ended in June - Earnings Summary

Palomar Holdings

05/08/2024 23:40

* Palomar Holdings Inc  PLMR.OQ  reported quarterly adjusted
earnings of $1.25​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 86 cents.  The mean expectation of nine analysts
for the quarter was for earnings of $1.09 per share. Wall Street
expected results to range from $1.03  to $1.23 per share.
    * Revenue rose 40.4% to $385.18 million from a year ago;
analysts
expected $338.74 million. 
    * Palomar Holdings Inc's reported EPS for the quarter was
$1.00​.
    * The company reported quarterly net income of $25.73
million.
    * Palomar Holdings Inc shares had risen by 10.9% this
quarter and
gained 62.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the property &
casualty
insurance peer group is also "buy"

Wall Street's median 12-month price target for Palomar Holdings
Inc is $98.00 
This summary was machine generated from LSEG data August 5 at
10:40 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.09           1.25           Beat
 Mar. 31 2024      0.94           1.09           Beat
 Dec. 31 2023      0.94           1.11           Beat
 Sep. 30 2023      0.74           0.92           Beat