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Aon plc (AON) Beats Q1 Earnings and Revenues

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Have you been eager to see how Aon plc (AON - 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

Aon came out with operating earnings of $2.97 per share, which beat the Zacks Consensus Estimate of $2.79 and grew 26% year over year. Rise in revenues primarily supported the results.

Earnings Surprise History

Aon has a decent earnings surprise history. The company delivered positive surprises in three of the four quarters, with an average beat of 3.8%.

Aon plc Price and EPS Surprise

Revenue Came in Higher than Expected

 

Aon posted revenues of $3.1 billion, which was higher than the Zacks Consensus Estimate of $2.94 billion and increased 13% year over year.

Key Q1 Statistics

Total operating expenses increased 12% to $2.3 billion.

Adjusted Operating margin expanded 230 basis points to 31.8%.

Adjusted free cash flow increased 16% to $2018 million in the first quarter.

What Zacks Rank Says

Aon 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 Aon earnings report!

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