We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Marsh & McLennan (MMC) Q3 Earnings Beat on Revenue Growth
Read MoreHide Full Article
Have you been eager to see how Marsh & McLennan Companies, Inc. (MMC - Free Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this popular global professional services company’s earnings release this morning:
An Earnings Beat
Marsh & McLennan came out with operating earnings of 79 cents per share, which beat the Zacks Consensus Estimate of 78 cents. Rise in revenues primarily supported the results.
Earnings Surprise History
Marsh & McLennan has a decent earnings surprise history. Before posting the earnings beat in Q3, the company delivered positive surprises in two of the four trailing quarters, with an average beat of 3.7%.
Marsh & McLennan Companies, Inc. Price and EPS Surprise
Marsh & McLennan posted revenues of $3.34 billion, which was a tad higher than the Zacks Consensus Estimate of $3.33 billion.
Key Q3 Statistics
Total operating expenses of $2.74 billion was up 7.1% year over year.
Total assets of $19.7 billion were up 8.2% from 2016 year end level.
The company repurchased 2.6 million shares of its common stock for $200 million in the third quarter.
The effective tax rate in the third quarter of 2017 was 26.2% compared with 26.8% in the prior year period.
What Zacks Rank Says
Marsh & McLennan carries a Zacks Rank #2 (Buy). However, since the latest earnings performance yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Marsh & McLennan earnings report!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Marsh & McLennan (MMC) Q3 Earnings Beat on Revenue Growth
Have you been eager to see how Marsh & McLennan Companies, Inc. (MMC - Free Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this popular global professional services company’s earnings release this morning:
An Earnings Beat
Marsh & McLennan came out with operating earnings of 79 cents per share, which beat the Zacks Consensus Estimate of 78 cents.
Rise in revenues primarily supported the results.
Earnings Surprise History
Marsh & McLennan has a decent earnings surprise history. Before posting the earnings beat in Q3, the company delivered positive surprises in two of the four trailing quarters, with an average beat of 3.7%.
Marsh & McLennan Companies, Inc. Price and EPS Surprise
Marsh & McLennan Companies, Inc. Price and EPS Surprise | Marsh & McLennan Companies, Inc. Quote
Revenue Came In a Bit Higher than Expected
Marsh & McLennan posted revenues of $3.34 billion, which was a tad higher than the Zacks Consensus Estimate of $3.33 billion.
Key Q3 Statistics
Total operating expenses of $2.74 billion was up 7.1% year over year.
Total assets of $19.7 billion were up 8.2% from 2016 year end level.
The company repurchased 2.6 million shares of its common stock for $200 million in the third quarter.
The effective tax rate in the third quarter of 2017 was 26.2% compared with 26.8% in the prior year period.
What Zacks Rank Says
Marsh & McLennan carries a Zacks Rank #2 (Buy). However, since the latest earnings performance yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Marsh & McLennan earnings report!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>