Brown & Brown Q1 2024 Adj EPS $1.14 Beats $1.05 Estimate, Sales $1.258B Beat $1.217B Estimate
Portfolio Pulse from Benzinga Newsdesk
Brown & Brown reported Q1 2024 adjusted earnings of $1.14 per share, surpassing the consensus estimate of $1.05. Sales reached $1.258 billion, exceeding the $1.217 billion estimate and marking a 12.72% increase from the previous year.
April 22, 2024 | 9:08 pm
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POSITIVE IMPACT
Brown & Brown's Q1 2024 earnings and sales exceeded analyst expectations, with a significant year-over-year sales growth.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant year-over-year growth in sales further strengthens the case for a positive outlook on BRO's stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100