ProAssurance Q2 EPS $0.16 Beats $0.10 Estimate, Sales $247.86M Beat $236.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
ProAssurance (NYSE:PRA) reported Q2 earnings of $0.16 per share, beating the analyst consensus estimate of $0.10 by 60%. However, this is a 46.67% decrease from the same period last year. The company also reported quarterly sales of $247.86 million, beating the analyst consensus estimate of $236.75 million by 4.69%, a slight increase from last year.
August 08, 2023 | 8:29 pm
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NEUTRAL IMPACT
ProAssurance's Q2 earnings beat estimates but are down from last year. Sales also beat estimates and are slightly up from last year.
While ProAssurance beat earnings and sales estimates, the decrease in earnings from the same period last year might concern investors. The slight increase in sales might offset this concern, leading to a neutral short term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100