Arthur J. Gallagher Q2 2024 GAAP EPS $1.27 Misses $1.53 Estimate, Sales $2.775B Beat $2.762B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arthur J. Gallagher (NYSE:AJG) reported Q2 2024 earnings per share (EPS) of $1.27, missing the analyst consensus estimate of $1.53 by 16.99%. However, the company reported quarterly sales of $2.775 billion, beating the analyst consensus estimate of $2.762 billion by 0.50%. This represents a 13.66% increase over sales of $2.442 billion in the same period last year.
July 25, 2024 | 8:19 pm
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Arthur J. Gallagher reported Q2 2024 EPS of $1.27, missing the consensus estimate of $1.53 by 16.99%. However, sales of $2.775 billion beat the estimate of $2.762 billion, representing a 13.66% increase YoY.
The significant miss on EPS is likely to have a negative short-term impact on the stock price, despite the slight beat on sales and the year-over-year increase in revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100