Can Palomar (PLMR) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Palomar (PLMR) is positioned as a strong investment opportunity due to significant revisions in the company's earnings estimates, indicating a positive earnings outlook that may continue to drive stock price growth [1][2]. Earnings Estimate Revisions - Analysts are increasingly optimistic about Palomar's earnings prospects, leading to higher earnings estimates that are expected to positively influence the stock price [2]. - For the current quarter, Palomar is projected to earn $1.54 per share, reflecting a year-over-year increase of +41.28%. Over the past 30 days, three estimates have been raised while one has been lowered, resulting in a 5.11% increase in the Zacks Consensus Estimate [4]. - For the full year, the earnings estimate is$ 6.54 per share, representing a +28.49% change from the previous year. In the last month, five estimates have been revised upward with no negative revisions, leading to a 10.37% increase in the consensus estimate [5]. Zacks Rank and Performance - Palomar currently holds a Zacks Rank 1 (Strong Buy), which is based on the positive estimate revisions. This ranking is associated with a strong historical performance, with Zacks 1 Ranked stocks averaging an annual return of +25% since 2008 [3][6]. - The stock has appreciated by 13.9% over the past four weeks, indicating investor confidence in the company's earnings growth potential [7].