BRP Group: Q2 Earnings Snapshot

August 9, 2022 GMT

TAMPA, Fla. (AP) _ BRP Group, Inc. (BRP) on Tuesday reported second-quarter net income of $8.6 million, after reporting a loss in the same period a year earlier.

The Tampa, Florida-based company said it had profit of 14 cents per share. Earnings, adjusted for one-time gains and costs, came to 23 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The company posted revenue of $232.5 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $220.5 million.

BRP Group shares have dropped 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $28.81, an increase of roughly 4% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BRP at https://www.zacks.com/ap/BRP