Brown & Brown remains well-poised for growth on higher core commissions and fees, new business, solid retention, strategic acquisitions and effective capital deployment.
Brown & Brown (BRO) reported earnings 30 days ago. What's next for the stock?
Brown & Brown (BRO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
BRO's Q3 results reflect improved organic revenues, driven by higher commission and fees and investment income, expanded EBITDAC margin and increased net investment income, offset by higher expenses.
Brown & Brown, Inc. (NYSE:BRO ) Q3 2024 Earnings Conference Call October 29, 2024 8:00 AM ET Company Participants Powell Brown - President and CEO Andy Watts - EVP, CFO and Treasurer Conference Call Participants Gregory Peters - Raymond James Rob Cox - Goldman Sachs Elyse Greenspan - Wells Fargo Yaron Kinar - Jefferies Michael Zaremski - BMO Mark Hughes - Truist Securities Alex Scott - Barclays Meyer Shields - Keefe, Bruyette & Woods Grace Carter - Bank of America Scott Heleniak - RBC Capital Markets Brian Meredith - UBS Operator Good morning, and welcome to the Brown & Brown Inc. Third Quarter Earnings Call. Today's call is being recorded.
Although the revenue and EPS for Brown & Brown (BRO) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Brown & Brown (BRO) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.71 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Brown & Brown (BRO), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Brown & Brown (BRO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Brown & Brown (BRO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Higher core commissions and fees, new business, solid retention, rate increases, strategic acquisitions and a strong financial position poise Brown & Brown for growth.
This insurance broker stock reached a high and a buy point but quickly reversed. The stock has gained around 44% so far this year.