ProAssurance Q2 2024 Adj. EPS $0.23 Beats $0.10 Estimate, Sales $239.867M Beat $239.598M Estimate
Portfolio Pulse from Benzinga Newsdesk
ProAssurance (NYSE:PRA) reported Q2 2024 adjusted EPS of $0.23, beating the $0.10 estimate by 130%. Sales were $239.867M, slightly above the $239.598M estimate but down 3.23% from last year.
August 08, 2024 | 9:01 pm
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ProAssurance reported strong Q2 2024 earnings with an adjusted EPS of $0.23, significantly beating the $0.10 estimate. Sales were $239.867M, slightly above expectations but down from last year.
The significant beat on EPS and slight beat on sales are positive indicators for ProAssurance's stock price in the short term. Despite a year-over-year sales decline, the strong earnings performance is likely to boost investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100