What is Zacks Research’s Estimate for Palomar Q1 Earnings?

Palomar Holdings, Inc. (NASDAQ:PLMR) – Equities research analysts at Zacks Research raised their Q1 2026 earnings per share (EPS) estimates for shares of Palomar in a note issued to investors on Tuesday, February 24th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $2.07 for the quarter, up from their previous forecast of $1.89. The consensus estimate for Palomar’s current full-year earnings is $5.99 per share. Zacks Research also issued estimates for Palomar’s Q2 2026 earnings at $1.95 EPS, Q3 2026 earnings at $2.67 EPS, Q4 2026 earnings at $2.30 EPS, FY2026 earnings at $9.00 EPS, Q1 2027 earnings at $2.46 EPS, Q2 2027 earnings at $2.30 EPS, Q3 2027 earnings at $2.82 EPS, FY2027 earnings at $9.60 EPS and FY2028 earnings at $12.60 EPS.

Palomar (NASDAQ:PLMR) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.18. Palomar had a return on equity of 22.77% and a net margin of 22.50%.The company had revenue of $253.36 million for the quarter, compared to analyst estimates of $204.58 million. During the same period in the previous year, the firm earned $1.52 earnings per share. The firm’s quarterly revenue was up 62.7% on a year-over-year basis.

A number of other brokerages also recently issued reports on PLMR. Keefe, Bruyette & Woods boosted their price objective on Palomar from $170.00 to $171.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Weiss Ratings raised shares of Palomar from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, January 14th. Wall Street Zen upgraded shares of Palomar from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of Palomar from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Monday. Finally, Evercore began coverage on shares of Palomar in a research report on Monday, February 9th. They set an “outperform” rating and a $150.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $163.00.

Palomar Stock Up 0.1%

Shares of NASDAQ PLMR opened at $121.85 on Friday. The company has a market capitalization of $3.25 billion, a PE ratio of 16.97 and a beta of 0.44. Palomar has a twelve month low of $107.75 and a twelve month high of $175.85. The firm has a fifty day simple moving average of $128.77 and a 200 day simple moving average of $123.19.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in Palomar by 14.0% in the third quarter. Principal Financial Group Inc. now owns 182,255 shares of the company’s stock worth $21,278,000 after acquiring an additional 22,346 shares during the period. Osaic Holdings Inc. increased its stake in shares of Palomar by 93.7% during the 2nd quarter. Osaic Holdings Inc. now owns 19,370 shares of the company’s stock worth $2,933,000 after purchasing an additional 9,371 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Palomar in the 3rd quarter worth approximately $1,459,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Palomar by 11.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 456,172 shares of the company’s stock worth $53,258,000 after purchasing an additional 45,665 shares during the period. Finally, Bessemer Group Inc. lifted its stake in Palomar by 41.1% in the third quarter. Bessemer Group Inc. now owns 153,683 shares of the company’s stock valued at $17,943,000 after purchasing an additional 44,745 shares during the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Insider Activity

In related news, CEO Mac Armstrong sold 11,484 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $119.88, for a total value of $1,376,701.92. Following the transaction, the chief executive officer owned 91,737 shares of the company’s stock, valued at approximately $10,997,431.56. This trade represents a 11.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Jon Christianson sold 1,991 shares of Palomar stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $119.88, for a total value of $238,681.08. Following the transaction, the president owned 62,985 shares of the company’s stock, valued at $7,550,641.80. This trade represents a 3.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,999 shares of company stock worth $7,253,229 over the last three months. 3.70% of the stock is currently owned by insiders.

Palomar News Summary

Here are the key news stories impacting Palomar this week:

• Positive Sentiment: Zacks Research sharply raised earnings estimates across multiple quarters and fiscal years — including lifting FY2026 to $9.00 (from $8.00), FY2027 to $9.60 (from $8.87) and FY2028 to $12.60 — and bumped several quarterly EPS forecasts (examples: Q1 2026 to $2.07 from $1.89; Q3 2026 to $2.67 from $1.91; Q1–Q3 2027 increases). These upward revisions signal stronger profit outlook and are a primary driver of investor buying interest.
• Positive Sentiment: A Zacks feature summarizing Wall Street analyst price targets highlights a consensus implied upside (~36%) for PLMR, which tends to attract momentum flows and attention from growth/value-seeking investors. Wall Street Analysts Think Palomar (PLMR) Could Surge 36.15%
• Negative Sentiment: Short interest increased meaningfully in February — up 33.6% to 568,369 shares as of Feb.13 (about 2.2% of the float) with a short-interest ratio ~1.5 days. The uptick shows more bearish positioning and could add volatility or downward pressure if negative news follows, though the absolute short percent remains modest.

Palomar Company Profile

Palomar Holdings, Inc (NASDAQ: PLMR) is a specialty insurance holding company focused on providing medical stop-loss coverage and related administrative services to self-funded employer health plans in the United States. The firm operates through two primary business segments—Medical Stop-Loss and Specialty Program Management—to deliver tailored risk protection and comprehensive program administration.

In its Medical Stop-Loss segment, Palomar underwrites excess and aggregate stop-loss policies designed to shield self-insured employers from catastrophic medical claims that exceed pre-determined retention levels.