Palomar (PLMR) Surpasses Q4 Earnings and Revenue Estimates

分组1 - Palomar reported quarterly earnings of $1.52 per share, exceeding the Zacks Consensus Estimate of $1.24 per share, and showing an increase from $1.11 per share a year ago, representing an earnings surprise of 22.58% [1] - The company achieved revenues of $156.96 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.62%, and up from $102.35 million year-over-year [2] - Palomar has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] 分组2 - The stock has gained approximately 4.5% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [3] - The current consensus EPS estimate for the upcoming quarter is $1.46 on revenues of $163.09 million, and for the current fiscal year, it is $5.93 on revenues of $684.68 million [7] - The Zacks Industry Rank for Insurance - Property and Casualty is in the top 37% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] 分组3 - The estimate revisions trend for Palomar is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, suggesting expected outperformance in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]