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

ProAssurance

06/05/2024 23:37

* ProAssurance Corp  PRA.N  reported quarterly adjusted
earnings
of 8 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of -15 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 zero cents to 13 cents per share.
    * Revenue fell 1.4% to $311.34 million from a year ago;
analysts
expected $318.84 million. 
    * ProAssurance Corp's reported EPS for the quarter was 9
cents​.
    * The company reported quarterly net income of $4.63
million.
    * ProAssurance Corp shares had risen by 7.5% this
quarter and
gained 0.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.4%
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 "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 $14.50 
This summary was machine generated from LSEG data May 6 at 10:37
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
 Mar. 31 2024      0.06           0.08           Beat
 Dec. 31 2023      0.06           -0.05          Missed
 Sep. 30 2023      0.16           -0.07          Missed
 Jun. 30 2023      0.10           0.16           Beat