Brown & Brown, Inc. (NYSE:BRO) Q1 2024 Results Conference Call April 23, 2024 8:00 AM ET Company Participants Powell Brown - President and Chief Executive Officer Andy Watts - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Robert Cox - Goldman Sachs Gregory Peters - Raymond James Michael Zaremski - BMO Capital Markets Mark Hughes - Truist Securities Elyse Greenspan - Wells Fargo Jing Li - KBW Brian Meredith - UBS Grace Carter - Bank of America Scott Heleniak - R ...

Brown & Brown, Inc.’s (BRO) first-quarter 2024 adjusted earnings of $1.14 per share beat the Zacks Consensus Estimate by 6.5%. The bottom line increased 18.7% year over year.The quarterly results reflected strong organic growth, improved EBITDAC margin and higher commission and fees, partly offset by higher expenses.Q1 DetailsTotal revenues of $1.25 billion beat the Zacks Consensus Estimate by 3.8%. The top line improved 12.7% year over year. The upside can be primarily attributed to commission and fees, wh ...

Brown & Brown (BRO) reported $1.26 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 12.7%. EPS of $1.14 for the same period compares to $0.84 a year ago.The reported revenue represents a surprise of +3.91% over the Zacks Consensus Estimate of $1.21 billion. With the consensus EPS estimate being $1.07, the EPS surprise was +6.54%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Exhibit 99.1 Brown & Brown, Inc. announces first quarter 2024 results, including total revenues of $1,258 million, an increase of 12.7%; Organic Revenue growth of 8.6%; diluted net income per share of $1.02; Diluted Net Income Per Share - Adjusted of $1.14; and a quarterly dividend of $0.13 per share J. Powell Brown, President and Chief Executive Officer of the Company, noted, "Our teammates delivered strong organic revenue growth and margin expansion in the first quarter of 2024. We are very pleased with t ...

Brown & Brown (BRO) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors ...

The first-quarter 2024 earnings season is in full swing. This will be the first big week of this reporting cycle, with more than 500 companies slated to report their financial numbers. So far, earnings results are better than expected. The earnings results and management guidance will be crucial for market participants to gauge the health of the U.S. economy.As of Apr 19, 71 companies on the S&P 500 Index reported their financial numbers. Total earnings for these 71 index members are up 9.4% from the same p ...

So far, 73% of the companies in the Zacks Finance sector have been able to surpass their quarterly earnings expectations led by JPMorgan (JPM), Citigroup ((C), and other big banks.With JPMorgan and Citigroup optimistically kicking off the first quarter earnings season for financials, many finance stocks moved higher again today. Furthermore, several top-rated finance stocks are standing out ahead of their Q1 reports on Monday, April 22, and now may be a good time to buy.Brown & Brown (BRO) Offering a broad ...

time99lek As a leading insurance broker with a proven track record of astute capital allocation and consistent growth through various insurance pricing cycles, we think Brown & Brown (NYSE:BRO) presents a compelling long-term investment opportunity. The company's focus on the middle-market, unique decentralized operating model, and highly effective inorganic growth strategy position it well to continue gaining share in the fragmented insurance brokerage industry. With its consistently strong free cash f ...

Wall Street analysts expect Brown & Brown (BRO) to post quarterly earnings of $1.04 per share in its upcoming report, which indicates a year-over-year increase of 23.8%. Revenues are expected to be $1.19 billion, up 7% from the year-ago quarter.The current level reflects a downward revision of 3.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a compa ...

Brown & Brown, Inc.’s (BRO) shares have jumped 34% in a year compared with the industry's growth of 6%. The Finance sector and the Zacks S&P 500 composite have risen 16.4% and 22.5%, respectively, in the same time frame. With a market capitalization of $23.09 billion, the average volume of shares traded in the last three months was 1.28 million.Image Source: Zacks Investment ResearchThe rally was largely driven by higher core commissions and fees, new business, solid retention, rate increases, strategic acq ...