Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Brown & Brown Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Published 22/04/2024, 08:32
© Reuters.  Brown & Brown Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
BRO
-

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Brown & Brown, Inc. (NYSE:BRO) is set to release earnings results for its first quarter after the closing bell on April 22, 2024.

Analysts expect the Daytona Beach, Florida-based company to report quarterly earnings at $1.05 per share, up from 84 cents per share in the year-ago period. Brown & Brown is projected to report quarterly revenue of $1.22 billion, compared to $1.07 billion in the year-earlier quarter, according to data from Benzinga Pro.

Brown & Brown recently acquired the assets of CHAPP and Citrus Insurance.

Brown & Brown shares rose 1.3% to close at $82.17 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Citigroup analyst Michael Ward maintained a Buy rating and raised the price target from $89 to $94 on April 16, 2024. This analyst has an accuracy rate of 76%.
  • Wells Fargo analyst Elyse Greenspan maintained an Equal-Weight rating and boosted the price target from $81 to $84 on April 11, 2024. This analyst has an accuracy rate of 75%.
  • Keefe, Bruyette & Woods analyst Meyer Shields maintained an Underperform rating and raised the price target from $75 to $80 on April 10, 2024. This analyst has an accuracy rate of 72%.
  • Raymond James analyst C. Gregory Peters reiterated an Outperform rating and boosted the price target from $90 to $95 on March 26, 2024. This analyst has an accuracy rate of 72%.
  • Truist Securities analyst Mark Hughes maintained a Buy rating and increased the price target from $85 to $92 on Jan. 24, 2024. This analyst has an accuracy rate of 80%.
Read More: Top 3 Risk Off Stocks That May Rocket Higher This Month

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.