Brown & Brown BRO unveils its next round of earnings this Monday, July 26. Here is Benzinga's everything-that-matters guide for the earnings announcement.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Analysts expect Brown & Brown earnings of $0.4 per share. Revenue will likely be around $679.46 million, according to the consensus estimate. Brown & Brown EPS in the same period a year ago totaled $0.34. Sales were $598.80 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
If the company were to match the consensus estimate, earnings would be up 17.65%. Sales would be up 13.47% from the year-ago period. Here is how the company's reported EPS has compared to analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.58 | 0.29 | 0.43 | 0.28 |
| EPS Actual | 0.70 | 0.32 | 0.52 | 0.34 |
| Revenue Estimate | 755.81 M | 623.34 M | 640.89 M | 571.78 M |
| Revenue Actual | 815.30 M | 642.10 M | 674.00 M | 598.80 M |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Shares of Brown & Brown were trading at $53.57 as of July 22. Over the last 52-week period, shares are up 18.25%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Brown & Brown is scheduled to hold the call at 08:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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