In its upcoming report, Brown & Brown (BRO) is predicted by Wall Street analysts to post quarterly earnings of $1.08 per share, reflecting an increase of 4.9% compared to the same period last year. Revenues are forecasted to be $1.72 billion, representing a year-over-year increase of 34%.
Over the last 30 days, there has been a downward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of 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 typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
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.
The consensus estimate for 'Revenues- Investment income' stands at $24.70 million. The estimate indicates a change of -29.4% from the prior-year quarter.
The consensus among analysts is that 'Revenues- Commissions and fees' will reach $1.70 billion. The estimate indicates a year-over-year change of +36.3%.
Based on the collective assessment of analysts, 'Total revenues- Retail' should arrive at $984.73 million. The estimate indicates a year-over-year change of +41.3%.
The combined assessment of analysts suggests that 'Total revenues- Other' will likely reach $17.50 million. The estimate points to a change of -30% from the year-ago quarter.
Analysts expect 'Total Organic growth' to come in at 0.9%. The estimate compares to the year-ago value of 3.6%.
View all Key Company Metrics for Brown & Brown here>>>Over the past month, shares of Brown & Brown have returned +10.3% versus the Zacks S&P 500 composite's +0.3% change. Currently, BRO carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Brown & Brown, Inc. (BRO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).