Palomar Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Palomar Holdings

05/11/2024 07:47

* Palomar Holdings Inc  PLMR.OQ  reported quarterly adjusted
earnings of $1.23​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 92 cents.  The mean expectation of nine analysts
for the quarter was for earnings of $1.03 per share. Wall Street
expected results to range from 82 cents to $1.17 per share.
    * Revenue rose 32.2% to $414.98 million from a year ago;
analysts
expected $440.13 million. 
    * Palomar Holdings Inc's reported EPS for the quarter was
$1.15​.
    * The company reported quarterly net income of $30.5
million.
    * Palomar Holdings Inc shares had fallen by 6.5% this
quarter and
gained 59.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.5%
in the last three months.​ 
    * In the last 30 days, four 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 108.50 
This summary was machine generated from LSEG data November 5 at
07:47 a.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
 Sep. 30 2024      1.03           1.23           Beat
 Jun. 30 2024      1.09           1.25           Beat
 Mar. 31 2024      0.94           1.09           Beat
 Dec. 31 2023      0.94           1.11           Beat