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Willis Towers (WLTW) Beats on Q3 Earnings, Keeps View

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Willis Towers Watson plc, is a leading global advisory, broking and solutions company. The company caters to large companies and mid-market and small businesses across the world. Notably, this is the first quarter in which the company will report its earnings after the merger of Willis Group and Towers Watson.

Willis Towers is set to deliver $4.7 billion in long-term shareholder value via incremental revenue growth, cost synergies, and tax efficiencies besides unlocking balance sheet capacity. Strategic acquisitions, prudent capital management are positives for the company.

However, adverse forex, exposure to soft interest rate environment are headwinds faced by the company.

Currently, Willis Towers has a Zacks Rank #3 (Hold), but that could definitely change following Willis Towers earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here. We have highlighted some of the key stats from this just-revealed announcement below.

Earnings:  Willis Towers beats our earnings estimate. Our consensus called for EPS of $1.03, and the company reported EPS of $1.04.

WILLIS TWRS WAT Price and EPS Surprise

Revenues: Revenues miss estimate. Our consensus called for revenues of $1.82 billion, and the company reported revenues of $1.78 billion.

Key Stats to Note:

Income from operations slumped to $1 million from $104 million in the year ago quarter.

Willis Towers expects reported revenue growth of about 6% and constant currency revenue growth in the range of 9% and 10%.

Willis Towers projects adjusted earnings per share to be between $7.60 and $7.80.

Willis Towers eyes $300 million worth share repurchases in 2016

Check back later for our full write up on this WLTW earnings report later!

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