ProAssurance Corp reports results for the quarter ended September 30 - Earnings Summary
08/11/2024 21:04
* ProAssurance Corp PRA.N reported quarterly adjusted
earnings
of 34 cents per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -7 cents. The mean expectation of six analysts
for the quarter was for earnings of 14 cents per share. Wall
Street expected results to range from 5 cents to 20 cents per
share.
* Revenue fell 3.7% to $307.94 million from a year ago;
analysts
expected $316.34 million.
* ProAssurance Corp's reported EPS for the quarter was 32
cents.
* The company reported quarterly net income of $16.44
million.
* ProAssurance Corp shares had risen by 8.4% this
quarter and
gained 18.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 9% 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 $16.50
This summary was machine generated from LSEG data November 8 at
09:04 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
Sep. 30 2024 0.14 0.34 Beat
Jun. 30 2024 0.10 0.23 Beat
Mar. 31 2024 0.06 0.08 Beat
Dec. 31 2023 0.06 -0.05 Missed