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Marsh & McLennan (MMC) Beats Q1 Earnings and Revenues
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Have you been eager to see how Marsh & McLennan Companies, Inc. (MMC - Free Report) ) performed in Q1 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 adjusted earnings of $1.38 per share, which beat the Zacks Consensus Estimate of $1.30.
Marsh & McLennan Companies, Inc. Price and EPS Surprise
Marsh & McLennan has a decent earnings surprise history. The company delivered positive surprises in three of the four trailing quarters, with an average beat of 4.5%.
Revenue Came Higher than Expected
Marsh & McLennan posted revenues of $4 billion, which was higher than the Zacks Consensus Estimate of $3.8 billion.
Key Q1 Statistics
Total operating expenses of $3.1 billion was up 12.3% year over year.
The company repurchased 3.0 million shares of its common stock for $250 million in the first quarter.
What Zacks Rank Says
Marsh & McLennan carries a Zacks Rank #3 (Hold). 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 !
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Marsh & McLennan (MMC) Beats Q1 Earnings and Revenues
Have you been eager to see how Marsh & McLennan Companies, Inc. (MMC - Free Report) ) performed in Q1 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 adjusted earnings of $1.38 per share, which beat the Zacks Consensus Estimate of $1.30.
Marsh & McLennan Companies, Inc. Price and EPS Surprise
Marsh & McLennan Companies, Inc. Price and EPS Surprise | Marsh & McLennan Companies, Inc. Quote
Earnings Surprise History
Marsh & McLennan has a decent earnings surprise history. The company delivered positive surprises in three of the four trailing quarters, with an average beat of 4.5%.
Revenue Came Higher than Expected
Marsh & McLennan posted revenues of $4 billion, which was higher than the Zacks Consensus Estimate of $3.8 billion.
Key Q1 Statistics
Total operating expenses of $3.1 billion was up 12.3% year over year.
The company repurchased 3.0 million shares of its common stock for $250 million in the first quarter.
What Zacks Rank Says
Marsh & McLennan carries a Zacks Rank #3 (Hold). 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 !
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>