Palomar Holdings, Inc. (NASDAQ:PLMR) is reporting third quarter financial results on Tuesday 10th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, PLMR is expected to report 3Q20 loss of $ 0.54 per share from revenue of $ 87.51 million.
For the full year, analysts anticipate top line of $ 332.48 million, while looking forward to income of $ 0.97 per share bottom line.
Previous Quarter Performance
Palomar Holdings, Inc. came out with income for the second quarter of $ 0.52 per share, from the revenue of $ 39.32 million. The quarterly earnings 44.44 percent while revenues declined 32.61 percent compared with the same quarter last year.
Street analysts expected Palomar Holdings, Inc. to report income of $ 0.49 per share on revenue of $ 75.05 million for the second quarter. The bottom line results beat street analysts by $ 0.03 or 6.12 percent, at the same time, top line results fell short of analysts by $ 35.73 million or 47.61 percent.
Stock Performance
Shares of Palomar Holdings, Inc. traded up $ 0.73 or 0.74 percent on Monday, reaching $ 99.38 with volume of 235.90 thousand shares. Palomar Holdings, Inc. has traded high as $ 103.34 and has cracked $ 99.28 on the downward trend
According to the previous trading day, closing price of $ 99.38, representing a 151.59 % increase from the 52 week low of $ 39.21 and a 19.05 % decrease over the 52 week high of $ 121.87.
The company has a market capital of $ 2.53 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Palomar Holdings, Inc. provides specialty property insurance. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, specialty homeowners, commercial all-risk, hawaii hurricane, residential flood, and real estate investor.
