Palomar Hldgs Q2 2024 Adj. EPS $1.25 Beats $1.09 Estimate, Sales $122.285M Miss $338.742M Estimate
Portfolio Pulse from Benzinga Newsdesk
Palomar Holdings (NASDAQ:PLMR) reported Q2 2024 adjusted EPS of $1.25, beating the estimate of $1.09, but sales of $122.285M missed the $338.742M estimate. EPS increased by 45.35% YoY, while sales grew by 47.14% YoY.
August 05, 2024 | 8:48 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Palomar Holdings reported Q2 2024 EPS of $1.25, beating estimates by 14.68%, but sales of $122.285M missed expectations by 63.90%. EPS increased by 45.35% YoY, while sales grew by 47.14% YoY.
While Palomar Holdings' EPS beat estimates significantly, the substantial miss in sales could create mixed reactions in the market. The strong YoY growth in both EPS and sales is positive, but the sales miss might offset some of the optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100