Baldwin Insurance Group Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 06, 2024

Baldwin Insurance Group (NASDAQ:BWIN) Third Quarter 2024 Results

Key Financial Results

Revenue: US$338.9m (up 11% from 3Q 2023).
Net loss: US$8.38m (loss narrowed by 53% from 3Q 2023).
US$0.13 loss per share (improved from US$0.29 loss in 3Q 2023).

earnings-and-revenue-growth — NasdaqGS:BWIN Earnings and Revenue Growth November 6th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Baldwin Insurance Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 19% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Baldwin Insurance Group has 2 warning signs we think you should be aware of.

Valuation is complex, but we're here to simplify it.

Discover if Baldwin Insurance Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.