One stock that might be an intriguing choice for investors right now is Brown & Brown, Inc. BRO. This is because this security in the Insurance - Brokerage space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Insurance - Brokerage space as it currently has a Zacks Industry Rank of 67 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Brown & Brown is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
Brown & Brown, Inc. Price and Consensus
Brown & Brown, Inc. price-consensus-chart | Brown & Brown, Inc. Quote
In fact, over the past month, current quarter estimates have risen from 95 cents per share to 98 cents per share, while current year estimates have risen from $3.03 per share to $3.20 per share. This has helped BRO to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.
So, if you are looking for a decent pick in a strong industry, consider Brown & Brown. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>Brown & Brown, Inc. (BRO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
