Brown & Brown Earnings: Everything You Must Know Now
Brown & Brown Inc. (NYSE:BRO) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0%.
Brown & Brown Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 20.59% to $0.41 in the quarter versus EPS of $0.34 in the year-earlier quarter.
Revenue: Rose 10.75% to $335 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Brown & Brown Inc. reported adjusted EPS income of $0.41 per share. By that measure, the company beat the mean analyst estimate of $0.39. It missed the average revenue estimate of $337.38 million.
Quoting Management: J. Powell Brown, President and Chief Executive Officer of the Company, noted, “We are pleased to have surpassed a quarterly milestone of $60 million of quarterly net income, and to have achieved a quarterly internal growth rate of our core commissions and fees revenue of 10.2%.”
Key Stats (on next page)…
Revenue increased 10.67% from $302.7 million in the previous quarter. EPS increased 41.38% from $0.29 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.34 and has not changed. For the current year, the average estimate has moved up from a profit of $1.43 to a profit of $1.47 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)