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

ProAssurance

09/08/2023 08:01

* ProAssurance Corp  PRA.N  reported quarterly adjusted
earnings
of 16 cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
10 cents per share.
    * Revenue rose 21.1% to $285.20 million from a year ago;
analysts
expected $236.75 million. 
    * ProAssurance Corp's reported EPS for the quarter was 20
cents​.
    * The mean earnings estimate of analysts had fallen by
about 62.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * ProAssurance Corp shares had risen by 11.9% this
quarter and
lost 3.3% so far this year.
    * The company reported quarterly net income of $10.63
million.
    * Wall Street's median 12-month price target for
ProAssurance Corp
is $16.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 07:01 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.10           0.16           Beat
 Mar. 31 2023      0.19           -0.15          Missed
 Dec. 31 2022      0.14           0.06           Missed
 Sep. 30 2022      0.20           -0.06          Missed