Palomar (PLMR) Q2 Earnings and Revenues Surpass Estimates

Core Viewpoint - Palomar (PLMR) reported quarterly earnings of $1.76 per share, exceeding the Zacks Consensus Estimate of $1.68 per share, and showing a year-over-year increase from $1.25 per share [1] Group 1: Earnings Performance - The earnings surprise for the recent quarter was +4.76%, following a previous quarter surprise of +17.61% when actual earnings were $1.87 per share against an expectation of $1.59 [1][2] - Over the last four quarters, Palomar has consistently surpassed consensus EPS estimates [2] Group 2: Revenue Performance - Palomar's revenues for the quarter ended June 2025 were $195.01 million, surpassing the Zacks Consensus Estimate by 4.72% and increasing from $131.04 million year-over-year [2] - The company has also topped consensus revenue estimates in each of the last four quarters [2] Group 3: Stock Performance and Outlook - Palomar shares have appreciated approximately 22.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 6.1% [3] - The future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] Group 4: Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $1.62, with projected revenues of $215.94 million, and for the current fiscal year, the estimate is $7.15 on revenues of $788.63 million [7] - The estimate revisions trend for Palomar was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Group 5: Industry Context - The Insurance - Property and Casualty industry, to which Palomar belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]