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.
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 #4 (Sell), 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. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Earnings: Willis Towers beats our earnings estimate. Our consensus called for EPS of $3.33, and the company reported EPS of $3.71.
Willis Towers Watson Public Limited Company Price and EPS Surprise
Revenues: Revenues beat estimate. Our consensus called for revenues of $2.283 billion, and the company reported revenues of $2.319 billion.
Key Stats to Note
Total costs of providing services decreased 2.7% year over year to $1.9 million.
Adjusted operating income increased 5.4% year over year to $681 million in the quarter.
Free cash flow was $33 million, plummeted 54% year over year.
Willis Towers projects adjusted earnings per share to be between $8.40 and $8.55 in 2017.
Check back later for our full write up on this WLTW earnings report later!
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Willis Towers (WLTW) Q1 Earnings Beat Estimates, Keeps View
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.
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 #4 (Sell), 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. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Earnings: Willis Towers beats our earnings estimate. Our consensus called for EPS of $3.33, and the company reported EPS of $3.71.
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 $2.283 billion, and the company reported revenues of $2.319 billion.
Key Stats to Note
Total costs of providing services decreased 2.7% year over year to $1.9 million.
Adjusted operating income increased 5.4% year over year to $681 million in the quarter.
Free cash flow was $33 million, plummeted 54% year over year.
Willis Towers projects adjusted earnings per share to be between $8.40 and $8.55 in 2017.
Check back later for our full write up on this WLTW earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think. See This Ticker Free >>