It has been about a month since the last earnings report for Palomar (PLMR). Shares have added about 1.9% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Palomar due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

How Have Estimates Been Moving Since Then?

It turns out, estimates review have trended upward during the past month.

The consensus estimate has shifted 6.61% due to these changes.

VGM Scores

At this time, Palomar has an average Growth Score of C, a grade with the same score on the momentum front. However, the stock was allocated a grade of F on the value side, putting it in the bottom 20% quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Palomar has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.

Performance of an Industry Player

Palomar is part of the Zacks Insurance - Property and Casualty industry. Over the past month, Axis Capital (AXS), a stock from the same industry, has gained 0.4%. The company reported its results for the quarter ended December 2024 more than a month ago.

Axis Capital reported revenues of $1.58 billion in the last reported quarter, representing a year-over-year change of +8.3%. EPS of $2.97 for the same period compares with $2.94 a year ago.

For the current quarter, Axis Capital is expected to post earnings of $2.66 per share, indicating a change of +3.5% from the year-ago quarter. The Zacks Consensus Estimate has changed -2.7% over the last 30 days.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Axis Capital. Also, the stock has a VGM Score of B.

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Palomar Holdings, Inc. (PLMR) : Free Stock Analysis Report

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This article originally published on Zacks Investment Research (zacks.com).

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