Brown & Brown, Inc. (BRO) earnings on April 27, 2026
More Brown & Brown, Inc. earnings
Prior outlook: Pessimistic Outcome: Accurate
BRO dropped 4.5% after its quarterly report, falling as much as -6.6% during the day. The company usually beats expectations, but this time the stock fell anyway.
BRO price around the earnings
63.14
Change: -4.5%
2026-04-28, 19:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
Mixed contexts: solid past performance, but analyst caution ahead.
While the company has a history of exceeding earnings expectations, recent analyst actions have involved cutting price targets. The stock has shown some recovery but is market review closer to support than resistance.
Context analyzed before publication
- Summary
- Mixed contexts: solid past performance, but analyst caution ahead.
- Playbook
- Given the mixed outlook with tempered analyst expectations, the current scenario shows no clear positive contexts for establishing a new position.
- Trend
- Analyst outlook deteriorating over past two sessions.
Analysts
Drivers
-
Analysts
Negative
Multiple analysts (B of A, Mizuho, JP Morgan) maintained neutral/outperform ratings but concurrently lowered price targets, resulting in a high analyst skew of 19.242. This indicates a consensus of solid fundamentals but reduced near-term price optimism.
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 2.72
- Analysts covering the stock
- 15
- Average price target
- 79.47
- Lowest price target
- 70
- Highest price target
- 100
- Upside to price target
- 15.9%
- Quarterly earnings growth
- 25.7%
- Revenue growth
- 36.2%
- Forward EPS
- 4.98
- Trailing EPS
- 3.16
- Analyst moves in the last 60 days
- 10
- Strong buy: 1
- Buy: 2
- Hold: 15
- Sell: 0
- Strong sell: 0
- Strong buy
- 1
- Buy
- 2
- Hold
- 15
- Sell
- 0
- Strong sell
- 0
- April 14, 2026 · B of A Securities: Maintains rating (Neutral → Neutral)
- April 13, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
- April 9, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
- April 9, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
- April 8, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
- April 8, 2026 · Goldman Sachs: Maintains rating (Neutral → Neutral)
- April 7, 2026 · Keefe, Bruyette & Woods: Maintains rating (Market Perform → Market Perform)
- April 6, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)
- March 11, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
- February 27, 2026 · Mizuho: Upgrades rating (Neutral → Outperform)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (8)
- B of A Securities Maintains Neutral on Brown & Brown, Lowers Price Target to $88 — Benzinga
- Mizuho Maintains Outperform on Brown & Brown, Lowers Price Target to $84 — Benzinga
- JP Morgan Maintains Neutral on Brown & Brown, Lowers Price Target to $85 — Benzinga
- Wells Fargo Maintains Equal-Weight on Brown & Brown, Lowers Price Target to $72 — Benzinga
- Barclays Maintains Equal-Weight on Brown & Brown, Lowers Price Target to $72 — Benzinga
- Goldman Sachs Maintains Neutral on Brown & Brown, Lowers Price Target to $73 — Benzinga
- Keefe, Bruyette & Woods Maintains Market Perform on Brown & Brown, Raises Price Target to $74 — Benzinga
- Morgan Stanley Maintains Equal-Weight on Brown & Brown, Lowers Price Target to $70 — Benzinga
Technicals
Drivers
-
Technical
Neutral
The stock has strong 14d momentum (+6.38%) but negative 30d relative strength vs. SPY (-4.25%). It is market review closer to its support ($63.30) than resistance ($71.44), limiting near-term upside asymmetry despite the recent bounce.
Evidence
- Average true range (ATR)
- 2.2%
- Distance to 52-week high
- -42.4%
- 14-day change (14d)
- +6.4%
- 30-day change
- -0.1%
- 30-day relative strength
- -4.3%
- Benchmark change
- +4.1%
- Nearest support
- 63.31
- Nearest resistance
- 71.44
- Volume accumulation ratio
- 0.71
Trends
Evidence
- Average earnings surprise
- +5.1%
- January 26, 2026: actual EPS 0.93 vs estimate 0.9 (surprise +3.3%)
- October 27, 2025: actual EPS 1.05 vs estimate 0.93 (surprise +12.9%)
- July 28, 2025: actual EPS 1.03 vs estimate 0.99 (surprise +4.5%)
- April 28, 2025: actual EPS 1.29 vs estimate 1.3 (surprise -0.5%)
Expected move
Drivers
-
Past earnings
Positive
The company has a strong 75% earnings beat rate with an average surprise of +5.1%, including a +12.9% beat last quarter. This history provides a positive fundamental backdrop for the upcoming report.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 4.1%
- 75th percentile move
- 5.6%
- 90th percentile move
- 7.6%
- Up / down moves
- 9 / 10
- Average up move
- +2.8%
- Average down move
- -5.9%
Monitoring and close
What Brown & Brown, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -4.5%
- Max favorable move (MFE)
- 6.6%
- Max adverse move (MAE)
- 0%