ProAssurance Q1 2024 Adj EPS $0.08 Beats $0.06 Estimate, Sales $244.150M Miss $318.837M Estimate
Portfolio Pulse from Benzinga Newsdesk
ProAssurance (NYSE:PRA) reported Q1 2024 adjusted EPS of $0.08, surpassing the $0.06 estimate, marking a 157.14% increase from last year's losses. However, their sales of $244.150M fell short of the $318.837M estimate, a 23.42% miss, though it's a 1.82% increase from the previous year.
May 06, 2024 | 8:32 pm
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ProAssurance reported a significant earnings beat but missed on sales estimates for Q1 2024, with a notable year-over-year improvement in earnings.
The earnings beat is positive, indicating operational efficiency and profitability improvement. However, the sales miss could raise concerns about growth and market demand. The mixed results may lead to neutral short-term stock price movement as investors weigh the positives against the negatives.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100