Brown & Brown Q2 Earnings and Revenues Surpass Estimates

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.

Source: Yahoo Finance | Published on July 23, 2019

Brown & Brown buys Rollins Insurance

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%.