Willis Towers Watson Public Limited Company is a leading global advisory, broking and solutions company. The company caters to large companies and mid-market and small businesses across the world.
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 carries a Zacks Rank #3 (Hold), but that could definitely change following the earnings release. We have highlighted some of the key stats from this just-revealed announcement below. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Earnings: Willis Towers missed our earnings estimate. Our consensus called for EPS of $1.13, and the company reported EPS of $1.12.
Revenues: Revenues beat estimate. Our consensus called for revenues of $1.837 billion, and the company reported revenues of $1.852 billion.
Key Stats to Note
Total costs of providing services inched up 1.9% year over year to $1.8 million.
Adjusted operating income jumped 18.1% year over year to $287 million in the quarter.
Free cash flow for the first nine months of 2017 was $317 million, which plunged 32.6% compared to the first nine months of 2016.
Willis Towers projects adjusted earnings per share to be between $8.36 and $8.51 in 2017. Constant currency revenue growth is estimated to be around 3%.
Check back later for our full write up on this WLTW earnings report later!
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Willis Towers (WLTW) Q3 Earnings Miss Estimates, View Intact
Willis Towers Watson Public Limited Company is a leading global advisory, broking and solutions company. The company caters to large companies and mid-market and small businesses across the world.
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 carries a Zacks Rank #3 (Hold), but that could definitely change following the earnings release. We have highlighted some of the key stats from this just-revealed announcement below. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Earnings: Willis Towers missed our earnings estimate. Our consensus called for EPS of $1.13, and the company reported EPS of $1.12.
Willis Towers Watson Public Limited Company Price and EPS Surprise
Willis Towers Watson Public Limited Company Price and EPS Surprise | Willis Towers Watson Public Limited Company Quote
Revenues: Revenues beat estimate. Our consensus called for revenues of $1.837 billion, and the company reported revenues of $1.852 billion.
Key Stats to Note
Total costs of providing services inched up 1.9% year over year to $1.8 million.
Adjusted operating income jumped 18.1% year over year to $287 million in the quarter.
Free cash flow for the first nine months of 2017 was $317 million, which plunged 32.6% compared to the first nine months of 2016.
Willis Towers projects adjusted earnings per share to be between $8.36 and $8.51 in 2017. Constant currency revenue growth is estimated to be around 3%.
Check back later for our full write up on this WLTW earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>