Piper Sandler downgraded ProAssurance to Neutral from Overweight with an unchanged price target of $18.
ProAssurance Corporation (PRA) Q3 2024 Earnings Call Transcript
Although the revenue and EPS for ProAssurance (PRA) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
ProAssurance (PRA) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to loss of $0.07 per share a year ago.
Appealing valuation, upward trend in earnings estimates and rising investment income bode well for PRA.
ProAssurance Corporation (PRA) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, PRA's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
The consensus price target hints at a 25% upside potential for ProAssurance (PRA). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
ProAssurance (PRA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
The average of price targets set by Wall Street analysts indicates a potential upside of 27.7% in ProAssurance (PRA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
ProAssurance Corporation (NYSE:PRA ) Q2 2024 Earnings Conference Call August 9, 2024 10:30 AM ET Company Participants Heather Wietzel - SVP, IR Edward Rand - President and CEO Dana Hendricks - EVP, CFO and Treasurer Kevin Shook - President, Workers' Compensation Insurance Conference Call Participants Matt Carletti - JMP Paul Newsome - Piper Sandler Gregory Peters - Raymond James Mark Hughes - Truist Bob Farnam - Janney Operator Good morning, everyone. Welcome to ProAssurance's conference call to discuss the company's Second Quarter 2024 Results.
ProAssurance's (PRA) Q2 results reflect strong underwriting results in the Specialty P&C segment and investment income growth, despite profitability pressures in some segments.
The headline numbers for ProAssurance (PRA) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.