Earnings Preview: Palomar Hldgs
Portfolio Pulse from Benzinga Insights
Palomar Holdings (NASDAQ:PLMR) is scheduled to release its quarterly earnings report on February 14, 2024. Analysts predict an EPS of $0.94. The company's past earnings performance shows a pattern of beating EPS estimates, which has sometimes led to significant share price movements the following day. Shares of Palomar Holdings have increased by 16.15% over the last 52 weeks, indicating a positive outlook from long-term shareholders ahead of the earnings announcement.
February 13, 2024 | 6:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Palomar Holdings is expected to report an EPS of $0.94 for the upcoming quarter. Historical data shows the company's ability to beat EPS estimates, which has led to significant stock price movements. With a 16.15% increase in share price over the last year, investor sentiment appears positive.
Given Palomar Holdings' history of exceeding EPS estimates and the subsequent positive stock price reactions, there is a strong likelihood of a positive short-term impact on PLMR's stock price if the company beats the EPS estimate again. The consistent year-over-year growth further supports investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100