Palomar shares soared 7.2% in the last trading session to close at $126.32, backed by solid volume. The company raised its adjusted net income guidance to a range of $262 million to $278 million, up from the prior $260 million to $275 million. Palomar is expected to report quarterly earnings of $2.13 per share, a 21% year-over-year increase, on revenues of $287.44 million, up 47.4%. The consensus EPS estimate for the quarter has been revised 1.3% higher over the last 30 days. The stock carries a Zacks Rank #3, or Hold.
Palomar Holdings Incraised adjusted net income guidance and strong earnings expectations
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