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 ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Brown & Brown (BRO) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 22, 2024, might help the stock move higher if these key numbers are better than expe ...

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DAYTONA BEACH, Fla., April 03, 2024 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Bucky and Cindy Payne, the owners of CHAPP, Inc. ("CHAPP") and Citrus Insurance Services, Inc. ("Citrus Insurance"), today announced that Brown & Brown has acquired the assets of CHAPP and Citrus Insurance. CHAPP and Citrus Insurance are essential risk management partners for their customers in Florida and across the U.S. by providing insurance solutions for all aspects o ...

DAYTONA BEACH, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) (the "Company") has announced the appointment of David Putz and Niels Seebeck to the senior leadership team. President and chief executive officer Powell Brown remarked, "With our continued strong business growth comes the need to tap into our deep ranks of key leaders to provide additional, unique perspectives and insights that will help drive us forward. I am excited to welcome David and Niels to our senior leadership t ...