Palomar Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

• Palomar Holdings Inc PLMR.OQ reported quarterly adjusted earnings of $1.87​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.09. The mean expectation of nine analysts for the quarter was for earnings of $1.59 per share. Wall Street expected results to range from $1.42 to $1.71 per share.

• Revenue rose 20.1% to $442.16 million from a year ago; analysts expected $444.85 million.

• Palomar Holdings Inc's reported EPS for the quarter was $1.57​.

• The company reported quarterly net income of $42.92 million.

• Palomar Holdings Inc shares had risen by 10.7% this quarter and gained 43.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8.7% 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 "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is also "buy"

• Wall Street's median 12-month price target for Palomar Holdings Inc is $150.00

This summary was machine generated from LSEG data May 5 at 09:40 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)