Palomar Hldgs Q1 2024 Adj EPS $1.09 Beats $0.94 Estimate, Sales $107.866M Up From $83.241M YoY
Portfolio Pulse from Benzinga Newsdesk
Palomar Holdings (PLMR) reported Q1 2024 adjusted EPS of $1.09, surpassing the consensus estimate of $0.94 by 15.96%, and a 36.25% increase from the previous year's $0.80. Sales rose to $107.866M, a 29.58% increase from $83.241M YoY.
May 02, 2024 | 8:50 pm
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POSITIVE IMPACT
Palomar Holdings reported a significant beat on Q1 2024 earnings and sales, indicating strong growth.
The substantial beat on both earnings per share and sales growth compared to analyst expectations and year-over-year performance suggests a positive outlook for PLMR. This strong financial performance is likely to instill investor confidence and could lead to a short-term uptick in PLMR's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100