Arthur J. Gallagher Q1 2024 Adj EPS $3.13 Misses $3.41 Estimate, Sales $3.22B Beat $3.18B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arthur J. Gallagher (AJG) reported Q1 2024 earnings of $3.13 per share, missing the $3.41 estimate, but sales of $3.22B exceeded the $3.18B estimate, marking an 18.92% increase from the previous year.
April 25, 2024 | 8:18 pm
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NEUTRAL IMPACT
Arthur J. Gallagher's Q1 2024 earnings missed EPS estimates but beat sales forecasts, showing significant year-over-year growth.
The miss in EPS estimates could negatively impact investor sentiment in the short term, but the beat on sales forecasts and significant year-over-year growth could offset this negative impact. The mixed results present a neutral outlook for AJG's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100