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Aon (AON) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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Aon (AON - Free Report) reported $3.18 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 6.5%. EPS of $2.76 for the same period compares to $2.63 a year ago.
The reported revenue represents a surprise of +0.54% over the Zacks Consensus Estimate of $3.16 billion. With the consensus EPS estimate being $2.82, the EPS surprise was -2.13%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Aon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Consolidated - Organic Revenue Growth: 6% versus 6.24% estimated by eight analysts on average.
Reinsurance Solutions - Organic Revenue Growth: 9% versus the six-analyst average estimate of 9.48%.
Wealth Solutions - Organic Revenue Growth: 2% versus 3.67% estimated by six analysts on average.
Commercial Risk Solutions - Organic Revenue Growth: 5% compared to the 5.71% average estimate based on six analysts.
Health Solutions - Organic Revenue Growth: 10% versus the six-analyst average estimate of 5.83%.
Revenue- Reinsurance Solutions: $607 million versus the six-analyst average estimate of $599.25 million. The reported number represents a year-over-year change of +13%.
Revenue- Health Solutions: $447 million versus $434.59 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8% change.
Revenue- Intersegment elimination: -$3 million versus -$3.36 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
Revenue- Wealth Solutions: $352 million compared to the $349.67 million average estimate based on six analysts. The reported number represents a change of +2.6% year over year.
Revenue- Commercial Risk Solutions: $1.77 billion versus the six-analyst average estimate of $1.76 billion. The reported number represents a year-over-year change of +4.9%.
Shares of Aon have returned -1.5% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Aon (AON) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Aon (AON - Free Report) reported $3.18 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 6.5%. EPS of $2.76 for the same period compares to $2.63 a year ago.
The reported revenue represents a surprise of +0.54% over the Zacks Consensus Estimate of $3.16 billion. With the consensus EPS estimate being $2.82, the EPS surprise was -2.13%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Aon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Consolidated - Organic Revenue Growth: 6% versus 6.24% estimated by eight analysts on average.
- Reinsurance Solutions - Organic Revenue Growth: 9% versus the six-analyst average estimate of 9.48%.
- Wealth Solutions - Organic Revenue Growth: 2% versus 3.67% estimated by six analysts on average.
- Commercial Risk Solutions - Organic Revenue Growth: 5% compared to the 5.71% average estimate based on six analysts.
- Health Solutions - Organic Revenue Growth: 10% versus the six-analyst average estimate of 5.83%.
- Revenue- Reinsurance Solutions: $607 million versus the six-analyst average estimate of $599.25 million. The reported number represents a year-over-year change of +13%.
- Revenue- Health Solutions: $447 million versus $434.59 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8% change.
- Revenue- Intersegment elimination: -$3 million versus -$3.36 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Revenue- Wealth Solutions: $352 million compared to the $349.67 million average estimate based on six analysts. The reported number represents a change of +2.6% year over year.
- Revenue- Commercial Risk Solutions: $1.77 billion versus the six-analyst average estimate of $1.76 billion. The reported number represents a year-over-year change of +4.9%.
View all Key Company Metrics for Aon here>>>Shares of Aon have returned -1.5% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.