ProAssurance Corp PRA.N reported quarterly adjusted earnings of 52 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of six analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 16 cents to 28 cents per share.
Revenue fell 3.1% to $216.93 million from a year ago; analysts expected $223.93 million.
ProAssurance Corp's reported EPS for the quarter was 42 cents.
The company reported quarterly net income of $21.92 million.
ProAssurance Corp shares had risen by 4.3% this quarter and gained 49.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 6.3% 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 no "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is "buy."
Wall Street's median 12-month price target for ProAssurance Corp is $25.00, about 4.7% above its last closing price of $23.82
This summary was machine generated from LSEG data August 6 at 11:59 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)