Willis Towers Watson Public Limited Company 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 carries a Zacks Rank #3 (Hold), but that could definitely change following the earnings release. 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 missed our earnings estimate. Our consensus called for EPS of $1.48, and the company reported EPS of $1.45.
Revenues: Revenues beat estimate. Our consensus called for revenues of $1.937 billion, and the company reported revenues of $1.953 billion.
Key Stats to Note
Total costs of providing services inched up 0.9% year over year to $1.8 million.
Adjusted operating income increased 1.7% year over year to $363 million in the quarter.
Free cash flow for the first half of 2017 was $200 million, which plummeted 41.9% compared to the first half of 2016.
Willis Towers projects adjusted earnings per share to be between $8.36 and $8.51 in 2017. Constant currency revenue growth is estimated to range between 2% and 3%.
Check back later for our full write up on this WLTW earnings report later!
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From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
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Willis Towers (WLTW) Q2 Earnings Miss Estimates, Lowers View
Willis Towers Watson Public Limited Company 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 carries a Zacks Rank #3 (Hold), but that could definitely change following the earnings release. 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 missed our earnings estimate. Our consensus called for EPS of $1.48, and the company reported EPS of $1.45.
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 $1.937 billion, and the company reported revenues of $1.953 billion.
Key Stats to Note
Total costs of providing services inched up 0.9% year over year to $1.8 million.
Adjusted operating income increased 1.7% year over year to $363 million in the quarter.
Free cash flow for the first half of 2017 was $200 million, which plummeted 41.9% compared to the first half of 2016.
Willis Towers projects adjusted earnings per share to be between $8.36 and $8.51 in 2017. Constant currency revenue growth is estimated to range between 2% and 3%.
Check back later for our full write up on this WLTW earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>