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

• Baldwin Insurance Group Inc BWIN.OQ reported quarterly adjusted earnings of 42 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 34 cents. The mean expectation of ten analysts for the quarter was for earnings of 42 cents per share. Wall Street expected results to range from 40 cents to 43 cents per share.

• Revenue rose 11.5% to $378.81 million from a year ago; analysts expected $374.88 million.

• Baldwin Insurance Group Inc's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $3.16 million.

• Baldwin Insurance Group Inc shares had fallen by 15.9% this quarter and lost 7.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.3% in the last three months.​

• In the last 30 days, three 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 1 "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 $48.00, about 25% above its last closing price of $36.01

This summary was machine generated from LSEG data August 5 at 09:56 p.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)