Palomar (PLMR) to Report Q3 Results: Wall Street Expects Earnings Growth

Core Insights - Wall Street anticipates a year-over-year increase in earnings for Palomar (PLMR) due to higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2] - The consensus EPS estimate for Palomar is $1.60 per share, reflecting a 30.1% increase year-over-year, while revenues are expected to reach $226.11 million, up 55.1% from the previous year [3] - The Earnings ESP for Palomar is -0.06%, indicating a bearish outlook from analysts, which complicates predictions of an earnings beat [12] Earnings Estimates and Revisions - The consensus EPS estimate has been revised 0.24% higher in the last 30 days, reflecting a slight positive adjustment from analysts [4] - The Most Accurate Estimate for Palomar is lower than the Zacks Consensus Estimate, suggesting recent bearish sentiment among analysts [12] Earnings Surprise History - Palomar has a history of beating consensus EPS estimates, having done so in the last four quarters, with a notable surprise of +4.76% in the last reported quarter [13][14] Comparison with Industry Peers - Hanover Insurance Group (THG), another player in the insurance sector, is expected to report an EPS of $3.79, indicating a year-over-year change of +24.3%, with revenues projected at $1.66 billion, up 5.2% [18][19] - Hanover Insurance has an Earnings ESP of +2.51% and a Zacks Rank of 3, suggesting a higher likelihood of beating consensus EPS estimates [19][20]