Core Insights - The Baldwin Insurance Group reported quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share, but showing an increase from $0.29 per share a year ago, resulting in an earnings surprise of -2.94% [1] - The company posted revenues of $338.94 million for the quarter, which was below the Zacks Consensus Estimate by 0.88%, but an increase from $306.27 million year-over-year [2] - The stock has gained approximately 88.6% since the beginning of the year, significantly outperforming the S&P 500's gain of 20.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.31 on revenues of $322.34 million, and for the current fiscal year, it is $1.55 on revenues of $1.39 billion [7] - The estimate revisions trend for the company is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Insurance - Life Insurance industry is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, Primerica, is expected to report quarterly earnings of $4.78 per share, reflecting a year-over-year change of +11.7%, with revenues anticipated to be $740.09 million, up 3.8% from the previous year [9][10]
The Baldwin Insurance Group (BWIN) Q3 Earnings and Revenues Lag Estimates