Palomar Hldgs Q4 2023 Adj EPS $1.11 Beats $0.94 Estimate, Sales $93.75M Miss $297.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Palomar Holdings (PLMR) reported Q4 2023 adjusted EPS of $1.11, surpassing the $0.94 estimate, but its sales of $93.75M fell short of the $297.60M estimate. This represents a 14.01% increase in sales compared to the same period last year.
February 14, 2024 | 9:33 pm
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Palomar Holdings reported a strong Q4 2023 EPS of $1.11, beating estimates, but missed on sales expectations with $93.75M versus the $297.60M forecast.
The mixed results with an EPS beat but a significant miss on sales forecasts could lead to neutral market sentiment in the short term. Investors might appreciate the earnings strength but be concerned about the sales miss, especially given the large gap from expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100