These Analysts Slash Their Forecasts On Arthur J. Gallagher Following Downbeat Q3 Results
1. AJG's Q3 earnings of $2.32 fell short of $2.54 estimates. 2. Quarterly sales were $2.923 billion, below forecasted $3.454 billion. 3. Company achieved 20% total revenue growth, marking 19 quarters of growth. 4. Analysts lowered price targets: Shields to $275, Motemaden to $353. 5. Net earnings margin was 13.8%, with EBITDAC growing 22%.