ProAssurance (PRA) Misses Q1 Earnings and Revenue Estimates

Core Insights - ProAssurance reported quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.19 per share, but showing an improvement from $0.08 per share a year ago, resulting in an earnings surprise of -31.58% [1] - The company posted revenues of $269.76 million for the quarter, which was 0.33% below the Zacks Consensus Estimate and down from $282 million year-over-year [2] - ProAssurance shares have increased by approximately 44.4% since the beginning of the year, contrasting with a -3.9% decline in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.20, with expected revenues of $270.08 million, and for the current fiscal year, the EPS estimate is $0.92 on revenues of $1.08 billion [7] - The estimate revisions trend for ProAssurance is currently favorable, leading to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Insurance - Property and Casualty industry is ranked in the top 17% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]