ProAssurance Corp reports results for the quarter ended in December - Earnings Summary

ProAssurance

28/02/2024 08:01

* ProAssurance Corp  PRA.N  reported a quarterly adjusted
loss
of 5 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 6 cents.  The mean expectation of six analysts for the
quarter was for earnings of 6 cents per share. Wall Street
expected results to range from 1 cents to 17 cents per share.
    * Revenue fell 7% to $208.80 million from a year ago;
analysts
expected $233.09 million. 
    * ProAssurance Corp's reported EPS for the quarter was 12
cents​.
    * The company reported quarterly net income of $6.38
million.
    * ProAssurance Corp shares had fallen by 5.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "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 "hold"

Wall Street's median 12-month price target for ProAssurance Corp
is $15.50 
This summary was machine generated from LSEG data February 28 at
08:01 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
 Dec. 31 2023      0.06           -0.05          Missed
 Sep. 30 2023      0.16           -0.07          Missed
 Jun. 30 2023      0.10           0.16           Beat
 Mar. 31 2023      0.19           -0.15          Missed