Brown & Brown (BRO) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this insurance company would post earnings of $0.36 per share when it actually produced earnings of $0.41, delivering a surprise of 13.89%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Brown & Brown, which belongs to the Zacks Insurance – Brokerage industry, posted revenues of $575.20 million for the quarter ended June 2019, surpassing the Zacks Consensus Estimate by 3.33%. This compares to year-ago revenues of $473.10 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Brown & Brown shares have added about 25.9% since the beginning of the year versus the S&P 500’s gain of 18.7%.