Brown & Brown Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Brown & Brown, Inc. (NYSE:BRO) is anticipated to report higher Q1 earnings with an expected EPS of $1.05, up from 84 cents year-over-year, and revenue of $1.22 billion, up from $1.07 billion. The company has recently acquired CHAPP and Citrus Insurance assets. Shares rose 1.3% to $82.17 recently. Analysts from Citigroup, Wells Fargo, Keefe, Bruyette & Woods, Raymond James, and Truist Securities have updated their ratings and price targets for BRO, reflecting optimism about its financial performance.
April 22, 2024 | 7:32 am
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Brown & Brown is expected to report increased Q1 earnings and revenue, buoyed by recent acquisitions and positive analyst ratings. Shares have already seen a 1.3% increase.
The anticipated increase in earnings and revenue, combined with recent acquisitions and positive analyst ratings, suggests a strong short-term outlook for BRO. The recent share price increase reflects market optimism, potentially leading to further gains post-earnings announcement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100