Palomar (PLMR) Q1 Earnings and Revenues Beat Estimates

Core Insights - Palomar (PLMR) reported quarterly earnings of $1.87 per share, exceeding the Zacks Consensus Estimate of $1.59 per share, and showing a significant increase from $1.09 per share a year ago, representing an earnings surprise of 17.61% [1] - The company achieved revenues of $176.97 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.03%, and up from $115.53 million year-over-year [2] - Palomar has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Earnings Outlook - The sustainability of Palomar's stock price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.60 on revenues of $181.43 million, and for the current fiscal year, it is $6.75 on revenues of $751.42 million [7] Industry Context - The Insurance - Property and Casualty industry, to which Palomar belongs, is currently ranked in the top 17% of over 250 Zacks industries, indicating a favorable outlook for stocks in this sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5][6]