PLMR stock gains from the strength of new business generated, strong retention rates, risk transfer strategy and solid capital position.
Palomar Holdings, Inc. (NASDAQ:PLMR ) Q3 2024 Earnings Conference Call November 5, 2024 12:00 PM ET Company Participants Chris Uchida - Chief Financial Officer Mac Armstrong - Chairman and Chief Executive Officer Jon Christianson – President Conference Call Participants Mark Hughes - Truist Securities Paul Newsome - Piper Sandler David Motemaden - Evercore ISI Andrew Andersen - Jefferies Meyer Shields - KBW Pablo Singzon - JPMorgan Operator Good morning, and welcome to the Palomar Holdings Inc.'s Third Quarter 2024 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode.
PLMR's Q3 results reflect higher premiums, improved adjusted underwriting income and higher yields on invested assets, partly offset by higher catastrophe loss.
Although the revenue and EPS for Palomar (PLMR) 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.
Palomar (PLMR) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $0.92 per share a year ago.
Palomar (PLMR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Palomar is poised for growth, banking on the strength of new business generated, strong retention rates, risk transfer strategy and solid capital position.
Palomar (PLMR) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Palomar (PLMR) reported earnings 30 days ago. What's next for the stock?
PLMR stock gains from new business, strong retention rates, expansion of products' geographic & distribution footprint and high-quality fixed-income securities.
Does Palomar (PLMR) have what it takes to be a top stock pick for momentum investors? Let's find out.