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Brown & Brown (BRO)
NYSE:BRO
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Earnings Data
Report Date
Jan 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.77Last Year’s EPS
$0.58Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: -0.27%
|Next Earnings Date:Jan 27, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong overall revenue growth, particularly in the Programs and Wholesale Brokerage segments, and an increased dividend. However, there were challenges in the Retail segment and some financial impacts from recent hurricanes and pressure on contingent commissions.Company Guidance
In the third quarter of 2024 earnings call, Brown & Brown, Inc. provided guidance reflecting strong financial performance and market positioning. The company reported nearly $1.2 billion in revenue, marking an 11% total growth and 9.5% organic growth compared to the previous year. The adjusted EBITDAC margin improved by 30 basis points to 34.9%, while adjusted earnings per share increased by 12.3% to $0.91. The Retail segment experienced a 3.9% organic growth, while the Programs segment recorded an impressive 22.8% organic growth, driven by new business and existing customer expansion. Additionally, the Wholesale Brokerage segment achieved an 8.4% organic revenue growth. On the M&A front, the company completed four acquisitions with annual revenues estimated at $8 million. Looking forward, the company anticipates continued strong performance, with expectations of rate decreases for CAT property and sustained pressure in the casualty lines.Strong Revenue and Growth
Brown & Brown delivered nearly $1.2 billion of revenue, growing 11% in total and 9.5% organically over the third quarter of 2023. Adjusted EBITDAC margin improved by 30 basis points to 34.9%, and adjusted earnings per share grew 12.3% to $0.91.
Programs Segment Performance
Programs delivered an outstanding result with organic growth of 22.8%, driven by new business and expansion of existing customers. The EBITDAC margin expanded by 360 basis points to 48.2%.
Wholesale Brokerage Growth
Wholesale brokerage delivered organic revenue growth of 8.4%, driven by net new business and rate increases. The EBITDAC margin increased by 130 basis points to 38.6%.
Dividend Increase
The Board of Directors approved a 15% increase to projected dividend payments for the fourth quarter of 2024, marking the 31st consecutive annual increase.
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BRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $103.20 | $104.89 | +1.64% |
| Jul 22, 2024 | $92.91 | $97.78 | +5.24% |
| Apr 22, 2024 | $82.15 | $82.58 | +0.52% |
| Jan 22, 2024 | $74.38 | $74.84 | +0.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Brown & Brown (BRO) report earnings?
Brown & Brown (BRO) is schdueled to report earning on Jan 27, 2025, TBA Not Confirmed.
What is Brown & Brown (BRO) earnings time?
Brown & Brown (BRO) earnings time is at Jan 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BRO EPS forecast?
BRO EPS forecast for the fiscal quarter 2024 (Q4) is $0.77.
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