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Palomar Q3 2023 Earnings Report

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$104.93 +1.12 (+1.08%)
(As of 12/20/2024 05:16 PM ET)

Palomar EPS Results

Actual EPS
$0.80
Consensus EPS
$0.67
Beat/Miss
Beat by +$0.13
One Year Ago EPS
N/A

Palomar Revenue Results

Actual Revenue
$92.31 million
Expected Revenue
$91.11 million
Beat/Miss
Beat by +$1.20 million
YoY Revenue Growth
N/A

Palomar Announcement Details

Quarter
Q3 2023
Time
N/A

Conference Call Resources

Conference Call Audio

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Palomar Earnings Headlines

Why I'm telling friends to avoid gold stocks
Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."
Palomar price target raised to $110 from $105 at Piper Sandler
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About Palomar

Palomar (NASDAQ:PLMR), a specialty insurance company, provides property and casualty insurance to residential and businesses in the United States. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, fronting, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings and changed its name to Palomar Holdings, Inc. The company was incorporated in 2013 and is headquartered in La Jolla, California.

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