What's In Store For Arthur J. Gallagher (AJG) In Q2 Earnings?
Zacks Investment Research | Jul 21, 2019 10:15PM ET
Arthur J. Gallagher & Co. (NYSE:AJG) is slated to report second-quarter 2019 results on Jul 25, after market close. The company delivered positive earnings surprise in three of the last four quarters.
Let’s see how things are shaping up for this announcement.
Arthur J. Gallagher’s second-quarter results are likely to benefit from solid performance of Brokerage and Risk Management segments.
Its compelling product portfolio along with strong domestic and international operations is likely to aid fees and commissions. The Zacks Consensus Estimate for fees is pegged at $450 million, indicating an upside of 6.6% on a year-over-year basis. The consensus mark for commissions stands at $786 million, implying 14.2% growth.
Organic sales as well as strategic mergers and acquisitions are expected to drive revenues. The Zacks Consensus Estimate for revenues is pegged at $1.95 billion, indicating an increase of 9% from the year-ago reported figure.
An improved interest rate environment is likely to boost net investment income.
Expenses are likely to increase due to higher compensation and operating expenses.
The Zacks Consensus Estimate for second-quarter earnings is pegged at 62 cents, same as the year-ago reported figure.
What Our Quantitative Model Says
Our proven model does not conclusively show that Arthur J. Gallagher is likely to beat estimates this reporting cycle. This is because the stock does not have the right combination of a positive
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