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Aon (AON) Beats Q4 Earnings and Revenues
Have you been eager to see how Aon plc (AON - Free Report) ) performed in Q4 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 $2.35 per share, which beat the Zacks Consensus Estimate of $2.34. Rise in revenues primarily supported the results.
Aon PLC Price and EPS Surprise
Aon PLC Price and EPS Surprise | Aon PLC Quote
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%.
Revenue Came In a Bit Higher than Expected
Aon posted revenues of $2.9 billion, which was higher than the Zacks Consensus Estimate of $2.8 billion.
Key Q4 Statistics
Operating expenses increased 11% to $2.4 billion.
Adjusted Operating margin expanded 200 basis points to 27.5%.
Free cash flow decreased 71% to $486 million for 2017.
What Zacks Rank Says
Aon carries a Zacks Rank #5 (Strong Sell). 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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