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

Palomar Holdings

02/11/2023 07:58

* Palomar Holdings Inc  PLMR.OQ  reported quarterly adjusted
earnings of 92 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 29 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 74 cents per
share. Wall Street expected results to range from 64 cents to 80
cents per share.
    * Revenue rose 24% to $314.00 million from a year ago;
analysts
expected $328.35 million. 
    * Palomar Holdings Inc's reported EPS for the quarter was 73
cents​.
    * The company reported quarterly net income of $18.43
million.
    * Palomar Holdings Inc shares had risen by 0.9% this
quarter and
gained 13.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $64.00 
This summary was machine generated from LSEG data November 2 at
07:58 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.74           0.92           Beat
 Jun. 30 2023      0.83           0.86           Beat
 Mar. 31 2023      0.74           0.80           Beat
 Dec. 31 2022      0.74           0.82           Beat