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Countdown to Palomar (PLMR) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
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In its upcoming report, Palomar (PLMR - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.96 per share, reflecting an increase of 17.1% compared to the same period last year. Revenues are forecasted to be $95.07 million, representing a year-over-year increase of 8.3%.
The consensus EPS estimate for the quarter has undergone a downward revision of 2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Palomar metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Revenues- Net investment income' at $6.24 million. The estimate indicates a year-over-year change of +41.4%.
Analysts' assessment points toward 'Revenues- Net earned premiums' reaching $90.28 million. The estimate indicates a year-over-year change of +9.8%.
The consensus among analysts is that 'Expense Ratio' will reach 54.7%. Compared to the current estimate, the company reported 53.1% in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Loss Ratio' of 20.9%. The estimate is in contrast to the year-ago figure of 22.4%.
Analysts expect 'Combined Ratio' to come in at 76.3%. The estimate compares to the year-ago value of 75.5%.
Palomar shares have witnessed a change of -3% in the past month, in contrast to the Zacks S&P 500 composite's +5.8% move. With a Zacks Rank #3 (Hold), PLMR is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Countdown to Palomar (PLMR) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
In its upcoming report, Palomar (PLMR - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.96 per share, reflecting an increase of 17.1% compared to the same period last year. Revenues are forecasted to be $95.07 million, representing a year-over-year increase of 8.3%.
The consensus EPS estimate for the quarter has undergone a downward revision of 2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Palomar metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Revenues- Net investment income' at $6.24 million. The estimate indicates a year-over-year change of +41.4%.
Analysts' assessment points toward 'Revenues- Net earned premiums' reaching $90.28 million. The estimate indicates a year-over-year change of +9.8%.
The consensus among analysts is that 'Expense Ratio' will reach 54.7%. Compared to the current estimate, the company reported 53.1% in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Loss Ratio' of 20.9%. The estimate is in contrast to the year-ago figure of 22.4%.
Analysts expect 'Combined Ratio' to come in at 76.3%. The estimate compares to the year-ago value of 75.5%.
View all Key Company Metrics for Palomar here>>>
Palomar shares have witnessed a change of -3% in the past month, in contrast to the Zacks S&P 500 composite's +5.8% move. With a Zacks Rank #3 (Hold), PLMR is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>