Wall Street analysts forecast that Brown & Brown (BRO) will report quarterly earnings of $1.08 per share in its upcoming release, pointing to a year-over-year increase of 2.9%. It is anticipated that revenues will amount to $1.76 billion, exhibiting an increase of 9.8% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Brown & Brown metrics that are commonly tracked and projected by analysts on Wall Street.
According to the collective judgment of analysts, 'Revenues- Commissions and fees' should come in at $1.74 billion. The estimate suggests a change of +12.6% year over year.
Analysts' assessment points toward 'Revenues- Investment and other income' reaching $23.51 million. The estimate indicates a year-over-year change of -58%.
The consensus estimate for 'Revenues- Commissions and fees- Retail' stands at $994.67 million. The estimate indicates a change of +13.4% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues- Commissions and fees- Specialty Distribution' will likely reach $756.71 million. The estimate suggests a change of +12.4% year over year.
It is projected by analysts that the 'Total Revenues- Specialty Distribution' will reach $753.93 million. The estimate indicates a year-over-year change of +10.7%.
Analysts forecast 'Revenues- Investment and other income- Retail' to reach $6.06 million. The estimate indicates a year-over-year change of +1%.
Based on the collective assessment of analysts, 'Revenues- Investment and other income- Specialty Distribution' should arrive at $6.98 million. The estimate suggests a change of -12.8% year over year.
The average prediction of analysts places 'Total Revenues- Retail' at $1.00 billion. The estimate suggests a change of +13.6% year over year.
Analysts expect 'Total Revenues- Other' to come in at $9.20 million. The estimate indicates a year-over-year change of -78.1%.
The collective assessment of analysts points to an estimated 'Total Organic growth' of 1.9%. Compared to the present estimate, the company reported 3.5% in the same quarter last year.
The consensus among analysts is that 'Income before income taxes- Retail' will reach $169.93 million. The estimate compares to the year-ago value of $164.00 million.
Analysts predict that the 'Income before income taxes- Specialty Distribution' will reach $267.86 million. Compared to the current estimate, the company reported $255.00 million in the same quarter of the previous year.
View all Key Company Metrics for Brown & Brown here>>>Brown & Brown shares have witnessed a change of +13.6% in the past month, in contrast to the Zacks S&P 500 composite's +1% move. With a Zacks Rank #3 (Hold), BRO is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
Of course, all our elite picks aren't winners, but this one could far surpass earlier Zacks' Stocks Set to Double like D-Wave Quantum, which shot up +680.1%.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Brown & Brown, Inc. (BRO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).