Brown & Brown, Inc. (BRO) earnings on July 27, 2026

After the market closes Q2 2026

More Brown & Brown, Inc. earnings

Prior outlook: Optimistic Outcome: Accurate

Brown & Brown rallied 5.7% today, swinging from an early drop to end higher after reporting earnings. The company performed better than many expected.

BRO price around the earnings

73.65

Change: +5.7%

2026-07-28, 20:00 UTC

Start of the measured window End of the measured window
65.58 68.38 71.18 73.98 69.70
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)No trading (market closed)No trading (market closed)
July 27, 2026 July 28, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Accurate

Thesis published
Results released

Pre-release: Strong past earnings beats and relative strength, but analyst consensus limits upside.

Context analyzed before publication

Trend
Strong run-up into pre-release, with recent trend strength indicating elevated expectations.

Analysts

Evidence

Analyst consensus
Hold
Consensus average (1-5)
2.68
Analysts covering the stock
16
Average price target
74.38
Lowest price target
55
Highest price target
90
Upside to price target
6.6%
Quarterly earnings growth
28.7%
Revenue growth
35.7%
Forward EPS
4.84
Trailing EPS
3.07
Analyst moves in the last 60 days
10
  • Strong buy: 2
  • Buy: 3
  • Hold: 13
  • Sell: 1
  • Strong sell: 0
Strong buy
2
Buy
3
Hold
13
Sell
1
Strong sell
0
  • July 13, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
  • July 10, 2026 · Citizens: Maintains rating (Market Outperform → Market Outperform)
  • July 9, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
  • July 9, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
  • July 8, 2026 · UBS: Maintains rating (Neutral → Neutral)
  • July 8, 2026 · Keefe, Bruyette & Woods: Maintains rating (Market Perform → Market Perform)
  • July 7, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
  • July 6, 2026 · Morgan Stanley: Downgrades rating (Equal-Weight → Underweight)
  • July 1, 2026 · Goldman Sachs: Maintains rating (Neutral → Neutral)
  • June 9, 2026 · UBS: Maintains rating (Neutral → Neutral)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (9)

Technicals

Evidence

Average true range (ATR)
2.8%
Distance to 52-week high
-31.4%
14-day change (14d)
+0.0%
30-day change (30d)
+9.5%
30-day relative strength
+8.7%
SPY change (30d)
+0.8%
Nearest support
67.57
Nearest resistance
67.99
Volume accumulation ratio (14d / 46d)
0.6

Trends

Evidence

Average earnings surprise
+5.8%
  • April 27, 2026: actual EPS 1.39 vs estimate 1.36 (surprise +2.3%)
  • 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%)

Expected move

Implied move
+2.3%
Source
Options chain

Reactions over its last 20 earnings

Median move
4.2%
75th percentile move
5.4%
90th percentile move
7.3%
Up / down moves
9 / 11
Average up move
+2.8%
Average down move
-5.8%

Monitoring and close

What Brown & Brown, Inc. reported

Status
Finished
Actual EPS1.07
EPS estimate1.08
EPS surprise-0.9%
Revenue$1,676 million
Revenue estimate$1,715 million
Revenue surprise-2.3%

Brown & Brown reported record Q2 revenue but missed earnings estimates. Shares fell 3.6% after the news.

Sources (13)

Pre-market second reading after the results

Verdict
Missed expectations

Heading into the open, the figures don't clearly confirm the prior scenario.

How the stock reacted

Outcome
Accurate
Consolidated
+5.7%
Max favorable move (MFE)
6.4%
Max adverse move (MAE)
5.9%