Palomar(US:PLMR) ZACKSยท2024-07-29 15:06Core Viewpoint - Palomar (PLMR) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The earnings report is scheduled for August 5, 2024, with expectations that better-than-expected results could lead to a stock price increase, while disappointing results may cause a decline [2]. - The consensus estimate for quarterly earnings is $1.12 per share, reflecting a year-over-year increase of +30.2% [3]. - Expected revenues are projected at $120.39 million, representing a 34.9% increase from the same quarter last year [4]. Estimate Revisions - The consensus EPS estimate has been revised 1.51% higher in the last 30 days, indicating a positive reassessment by analysts [5]. - The Most Accurate Estimate for Palomar is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.34% [11]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of a potential earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [9]. - Palomar currently holds a Zacks Rank of 2, suggesting a high likelihood of beating the consensus EPS estimate [12][13]. Historical Performance - In the last reported quarter, Palomar exceeded the expected earnings of $0.92 per share by delivering $1.09, resulting in a surprise of +18.48% [14]. - Over the past four quarters, Palomar has consistently beaten consensus EPS estimates [15]. Industry Comparison - Hanover Insurance Group (THG), another player in the insurance sector, is expected to report earnings of $1.58 per share for the same quarter, indicating a year-over-year change of +182.7% [19]. - Hanover's revenues are projected at $1.57 billion, up 3.9% from the previous year, but it has a negative Earnings ESP of -5.12%, making predictions about beating the consensus EPS estimate uncertain [20].