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Willis Towers (WLTW) Q2 Earnings Beat, Lowers Outlook
Willis Towers Watson plc, is a leading global advisory, broking and solutions company. The company caters to large companies and mid-market and small businesses across the world. Notably, this is the first quarter in which the company will report its earnings after the merger of Willis Group and Towers Watson.
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 has a Zacks Rank #3 (Hold), but that could definitely change following Cigna earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Willis Towers beats our earnings estimate. Our consensus called for EPS of $1.59, and the company reported EPS of $1.66.
WILLIS TWRS WAT Price and EPS Surprise
WILLIS TWRS WAT Price and EPS Surprise | WILLIS TWRS WAT Quote
Key Stats to Note:
Adjusted revenues improved 8.9% year over year to $1.97 billion.
Income from operations declined 20% to $136 million.
Willis Towers projects adjusted earnings per share to be between $7.60 and $7.80.
Check back later for our full write up on this WLTW earnings report later!
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