Baldwin Insurance Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Baldwin Insurance,

05/11/2024 07:59

* Baldwin Insurance Group Inc  BWIN.OQ  reported quarterly
adjusted earnings of 33 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of 29 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 34 cents per
share. Wall Street expected results to range from 31 cents to 37
cents per share.
    * Revenue rose 39.4% to $426.96 million from a year ago;
analysts
expected $347.43 million. 
    * Baldwin Insurance Group Inc's reported EPS for the quarter
was a
loss of 13 cents​.
    * The company reported a quarterly loss of $8.38 million.
    * Baldwin Insurance Group Inc shares had fallen by 7.3% this
quarter and gained 92.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.9%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
insurance
& brokers peer group is also "buy"

Wall Street's median 12-month price target for Baldwin Insurance
Group Inc is 54.00 
This summary was machine generated from LSEG data November 5 at
07:59 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.34           0.33           Missed
 Jun. 30 2024      0.33           0.34           Beat
 Mar. 31 2024      0.52           0.56           Beat
 Dec. 31 2023      0.11           0.14           Beat