Brown & Brown (BRO) Reports Earnings Tomorrow: What To Expect - The Chronicle-Journal
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Insurance brokerage firm Brown & Brown ( NYSE: BRO ) will be reporting earnings this Monday after market close. Here's what to expect. Brown & Brown met analysts' revenue expectations last quarter, reporting revenues of $1.90 billion, up 35.4% year on year. It was a slower quarter for the company, with a significant miss of analysts' organic revenue estimates. Is Brown & Brown a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Brown & Brown's revenue to grow 33.8% year on year, improving from the 9.1% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Brown & Brown has missed Wall Street's revenue estimates multiple times over the last two years. Looking at Brown & Brown's peers in the professional services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Marsh delivered year-on-year revenue growth of 6.2%, beating analysts' expectations by 1.7%, and ManpowerGroup reported revenues up 7.5%, topping estimates by 2.9%. Marsh traded down 3.4% following the results while ManpowerGroup was up 34.1%. Read our full analysis of Marsh's results here and ManpowerGroup's...
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