ProAssurance: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
ProAssurance (NYSE:PRA) reported Q4 earnings with an EPS of $-0.05, missing estimates by -183.0% and showing a revenue decline of $10.91 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, notably leading to a 21.0% share price drop after last quarter's earnings miss.
February 27, 2024 | 9:40 pm
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ProAssurance reported a significant miss in Q4 earnings with an EPS of $-0.05 against an estimate of $0.06, and a revenue decrease from the previous year.
Given ProAssurance's history of stock price decline following earnings misses, the Q4 report showing both an EPS and revenue miss is likely to negatively impact the stock price in the short term. The pattern of missed estimates and subsequent stock price drops, especially the 21.0% fall after the last quarter's miss, suggests a similar outcome may be expected.
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