Surging Earnings Estimates Signal Upside for ProAssurance (PRA) Stock

Core Viewpoint - ProAssurance (PRA) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding ProAssurance's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, ProAssurance is projected to earn $0.19 per share, reflecting a significant increase of +137.5% compared to the same period last year [6]. - The Zacks Consensus Estimate for the current quarter has risen by 6.32% over the last 30 days, with one estimate increasing and no negative revisions [6]. - For the full year, the earnings estimate stands at $0.92 per share, which is a decrease of -3.16% from the previous year [7]. - There has been a positive trend in estimate revisions for the current year, with two estimates moving up and no negative revisions [7]. Zacks Rank and Performance - ProAssurance currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in raising earnings estimates [8]. - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging an annual return of +25% since 2008 [3]. - Stocks with Zacks Rank 1 and 2 are shown to significantly outperform the S&P 500 [8]. Stock Performance - ProAssurance's stock has increased by 51.1% over the past four weeks, driven by strong estimate revisions and investor interest [9]. - There is potential for further upside in the stock, suggesting it may be a good addition to investment portfolios [9].