Arthur J. Gallagher & Co. AJG is slated to report second-quarter 2021 results on Jul 29, after market close. The company delivered an earnings surprise in each of the last four quarters, the average being 18.81%.Factors to ConsiderArthur J. Gallagher’s second-quarter results are expected to reflect lower interest income from U.S. operations, higher new claims, and higher property and casualty rates.Fees and commissions in the to-be-reported quarter are likely to have benefited from revenues associated with acquisitions and organic change in base commissions and fee revenues. The Zacks Consensus Estimate for fees is pegged at $507 million. The consensus mark for commissions stands at $928 million, implying 12.1% growth from the prior-year period’s reported number.The company expects a modest increase in covered lives, consulting engagements and special project work in the to-be-reported results.Arthur J. Gallagher expects to witness substantial increase in the new claims in the quarter to be reported.Decreases in interest income from U.S. operations due to decreases in interest rates earned on client held funds are likely to have affected the company’s net investment income in the to-be-reported quarter.Organic commission, fee, supplemental revenues, contingent revenues as well as strategic mergers and acquisitions are likely to have driven the top line in the to-be-reported quarter.Organic revenues are likely to have improved in the Brokerage and Risk Management segment in the to-be-reported quarter.Arthur J. Gallagher expects to lower expense by $65 million to $70 million per quarter.In property and casualty brokerage operations, the company expects to see higher property and casualty premium rates and exposure units.In the Brokerage segment and Risk Management segment, the company is likely to have witnessed strong EBITDAC growth owing to cost savings initiatives in the second quarter.The Zacks Consensus Estimate for second-quarter earnings per share stands at $1.10 per share, indicating an increase of 17% from the year-ago quarter’s reported figure.What the Zacks Model SaysOur proven model does not conclusively predict an earnings beat for Arthur J. Gallagher this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.Earnings ESP: Arthur J. Gallagher has an Earnings ESP of -2.98%. This is because the Most Accurate Estimate of $1.07 is pegged lower than the Zacks Consensus Estimate of $1.10. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Arthur J. Gallagher & Co. Price and EPS Surprise Arthur J. Gallagher & Co. price-eps-surprise | Arthur J. Gallagher & Co. QuoteZacks Rank: Arthur J. Gallagher carries a Zacks Rank #3, currently. Stocks to Consider Some stocks from the insurance industry with the apt combination of elements to surpass estimates this reporting cycle are as follows:Aon plc AON has an Earnings ESP of +2.91% and a Zacks Rank of 3, currently. You can see the complete list of today’s Zacks #1 Rank stocks here.Marsh & McLennan Companies, Inc. MMC has an Earnings ESP of +2.85% and is Zacks #3 Ranked, presently.Voya Financial, Inc. VOYA has an Earnings ESP of +1.13% and is a #3 Ranked player, currently. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marsh & McLennan Companies, Inc. (MMC): Free Stock Analysis Report Aon plc (AON): Free Stock Analysis Report Arthur J. Gallagher & Co. (AJG): Free Stock Analysis Report Voya Financial, Inc. (VOYA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research