It has been about a month since the last earnings report for ProAssurance (PRA). Shares have added about 44.3% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is ProAssurance due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
It turns out, fresh estimates have trended upward during the past month.
Currently, ProAssurance has a subpar Growth Score of D, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% 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.
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise ProAssurance has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.
ProAssurance is part of the Zacks Insurance - Property and Casualty industry. Over the past month, Kinsale Capital Group, Inc. (KNSL), a stock from the same industry, has gained 14.8%. The company reported its results for the quarter ended December 2024 more than a month ago.
Kinsale Capital Group reported revenues of $412.12 million in the last reported quarter, representing a year-over-year change of +17.4%. EPS of $4.62 for the same period compares with $3.87 a year ago.
Kinsale Capital Group is expected to post earnings of $3.16 per share for the current quarter, representing a year-over-year change of -9.7%. Over the last 30 days, the Zacks Consensus Estimate has changed -6%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Kinsale Capital Group. Also, the stock has a VGM Score of D.
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ProAssurance Corporation (PRA) : Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).
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