These Analysts Slash Their Forecasts On Arthur J. Gallagher Following Downbeat Q3 Results
Weaker earnings and sales miss create downward pressure on stock price. Historically, missed estimates often lead to declines, as seen with similar firms.
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Weaker earnings and sales miss create downward pressure on stock price. Historically, missed estimates often lead to declines, as seen with similar firms.
What happened, with direct paths to the underlying reporting
AJG's Q3 earnings of $2.32 fell short of $2.54 estimates. Quarterly sales were $2.923 billion, below forecasted $3.454 billion. Company achieved 20% total revenue growth, marking 19 quarters of growth. Analysts lowered price targets: Shields to $275, Motemaden to $353. Net earnings margin was 13.8%, with EBITDAC growing 22%.
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