BRP Group Inc reports results for the quarter ended in December - Earnings Summary

Baldwin Insurance,

29/02/2024 02:34

* BRP Group Inc  BRP.OQ  reported quarterly adjusted
earnings of
14 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 12 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 11 cents per share. Wall Street
expected results to range from 10 cents to 13 cents per share.
    * Revenue rose 15.7% to $284.65 million from a year ago;
analysts
expected $280.76 million. 
    * BRP Group Inc's reported EPS for the quarter was a loss
of 56
cents​.
    * The company reported a quarterly loss of $34.48 million.
    * BRP Group Inc shares had risen by 12.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"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 BRP Group Inc is
$30.00 
This summary was machine generated from LSEG data February 29 at
02:33 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
 Dec. 31 2023      0.11           0.14           Beat
 Sep. 30 2023      0.27           0.29           Beat
 Jun. 30 2023      0.27           0.27           Met
 Mar. 31 2023      0.41           0.42           Beat