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

ProAssurance

09/08/2024 24:57

* ProAssurance Corp  PRA.N  reported quarterly adjusted
earnings
of 23 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 16 cents.  The mean expectation of six analysts for the
quarter was for earnings of 10 cents per share. Wall Street
expected results to range from 5 cents to 16 cents per share.
    * Revenue fell 5.9% to $223.92 million from a year ago;
analysts
expected $239.60 million. 
    * ProAssurance Corp's reported EPS for the quarter was 30
cents​.
    * The company reported quarterly net income of $15.51
million.
    * ProAssurance Corp shares had fallen by 7.0% this
quarter and
lost 17.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $16.50 
This summary was machine generated from LSEG data August 8 at
11:56 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
 Jan. 1 0001       0.10           0.23           Beat
 Mar. 31 2024      0.06           0.08           Beat
 Dec. 31 2023      0.06           -0.05          Missed
 Sep. 30 2023      0.16           -0.07          Missed