Brown & Brown Q4 EPS $0.58 Beats $0.53 Estimate, Sales $1.03B Beat $985.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Brown & Brown, Inc. (NYSE:BRO) exceeded analyst expectations for Q4 earnings per share (EPS) and sales. The company reported an EPS of $0.58, surpassing the estimate of $0.53 by 9.43%, and a 16% increase from the previous year's $0.50. Sales reached $1.03 billion, beating the estimate of $985.48 million by 4.11% and marking a 13.82% increase from the prior year's $901.40 million.
January 23, 2024 | 5:54 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Brown & Brown reported strong Q4 results, with both EPS and sales exceeding analyst estimates and showing significant year-over-year growth.
Positive earnings surprises typically lead to a short-term increase in stock price as they reflect better-than-expected financial performance. The significant beat on both EPS and sales, along with year-over-year growth, is likely to be viewed favorably by investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100