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Brown & Brown (BRO) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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Brown & Brown (BRO - Free Report) reported $1.07 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 15.1%. EPS of $0.71 for the same period compares to $0.50 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.03 billion, representing a surprise of +3.89%. The company delivered an EPS surprise of +16.39%, with the consensus EPS estimate being $0.61.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Brown & Brown performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Commissions and fees: $1.05 billion compared to the $1.02 billion average estimate based on five analysts. The reported number represents a change of +13.4% year over year.
Revenues- Investment income: $16.60 million versus $7.24 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1283.3% change.
Revenues- Other income, net: $1.80 million versus the four-analyst average estimate of $1.38 million. The reported number represents a year-over-year change of +50%.
Revenues- Core commissions and fees: $1.02 billion versus the two-analyst average estimate of $990.98 million. The reported number represents a year-over-year change of +11.4%.
Shares of Brown & Brown have returned -7.1% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Brown & Brown (BRO) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Brown & Brown (BRO - Free Report) reported $1.07 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 15.1%. EPS of $0.71 for the same period compares to $0.50 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.03 billion, representing a surprise of +3.89%. The company delivered an EPS surprise of +16.39%, with the consensus EPS estimate being $0.61.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Brown & Brown performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Commissions and fees: $1.05 billion compared to the $1.02 billion average estimate based on five analysts. The reported number represents a change of +13.4% year over year.
- Revenues- Investment income: $16.60 million versus $7.24 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1283.3% change.
- Revenues- Other income, net: $1.80 million versus the four-analyst average estimate of $1.38 million. The reported number represents a year-over-year change of +50%.
- Revenues- Core commissions and fees: $1.02 billion versus the two-analyst average estimate of $990.98 million. The reported number represents a year-over-year change of +11.4%.
View all Key Company Metrics for Brown & Brown here>>>Shares of Brown & Brown have returned -7.1% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.