Palomar Hldgs Q2 Adj $0.86 Beats $0.83 Estimate, Sales $83.11M Miss $302.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Palomar Hldgs (NASDAQ:PLMR) reported Q2 earnings of $0.86 per share, beating the analyst consensus estimate of $0.83 by 3.61%. However, the company's quarterly sales of $83.11 million missed the analyst consensus estimate of $302.16 million by 72.50%.
August 04, 2023 | 12:15 pm
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NEUTRAL IMPACT
Palomar Hldgs reported better than expected Q2 earnings but significantly missed sales estimates.
While the company's earnings beat estimates, the significant miss on sales could offset any positive sentiment. This mixed report may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100