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What's in the Cards for Willis Towers This Earnings Season?

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Key Takeaways

  • Health revenues are expected to benefit from growth across regions, while Wealth gains from retirement work.
  • CRB could benefit from new business and client retention, while technology software sales support ICT.
  • Expenses are expected to reach $2 billion, driven by higher salaries and interest expense.

Willis Towers Watson Public Limited Company (WTW - Free Report) is expected to register an improvement in both top and bottom lines when it reports third-quarter 2026 results on Oct. 29, before the opening bell.

The Zacks Consensus Estimate for WTW’s third-quarter revenues is pegged at $2.48 billion, indicating an 8.3% increase from the year-ago reported figure.

The consensus estimate for earnings is pegged at $3.60 per share. The Zacks Consensus Estimate for WTW’s third-quarter earnings has moved south by 0.3% in the past 30 days. The estimate suggests a year-over-year increase of 17.3%.

What the Zacks Model Unveils

Our proven model does not conclusively predict an earnings beat for Willis Towers this time around. This is because a stock needs to have the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). This is not the case, as you can see below.

Earnings ESP: Willis Towers has an Earnings ESP of +2.33%. This is because the Most Accurate Estimate of $3.68 is pegged higher than the Zacks Consensus Estimate of $3.60. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Willis Towers carries a Zacks Rank of 4 (Sell) at present.

Factors Likely to Shape Q3 Results of WTW

Revenues in the third quarter are likely to have benefited from strong performances across the segments. 

Growth across all regions, with International leading the overall performance, is likely to have aided organic revenue growth in Health in the to-be-reported quarter.

Wealth business revenues are likely to have benefited from higher levels of retirement work across all regions.

Career revenues are likely to have been affected by increased levels of communications project work and broad-based pay work, which were likely to be offset by constrained revenues in the Middle East due to the ongoing conflict. 

The Benefits Delivery & Outsourcing segment’s performance is expected to have benefited from expanded project work, new client wins and regulatory-driven work in Outsourcing. The upside is likely to be partially offset by lower commissions in Individual Marketplace.

Corporate Risk & Broking is expected to have benefited from new business activity and strong client retention globally.

Insurance Consulting and Technology is expected to have benefited from strong software sales in the Technology practice.

Expenses in the third quarter are likely to have increased, attributable to higher salary expense, higher professional services costs, increased local office expenses, a higher depreciable base of assets, and higher interest expense. We expect the metric to be $2 billion in the to-be-reported quarter.

Stocks to Consider

Some insurance stocks with the right combination of elements to come up with an earnings beat this time around are:

HCI Group, Inc. (HCI - Free Report) has an Earnings ESP of +4.10% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $5.01, indicating a year-over-year increase of 2.2%. You can see the complete list of today’s Zacks #1 Rank stocks here.

HCI’s earnings beat estimates in each of the last four reported quarters.

The Allstate Corporation (ALL - Free Report) has an Earnings ESP of +5.25% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $7.03, indicating a year-over-year decrease of 37.1%. 

ALL’s earnings beat estimates in each of the last four reported quarters.

MetLife, Inc. (MET - Free Report) has an Earnings ESP of +0.59% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $2.71, indicating a year-over-year increase of 15.8%.

MET’s earnings beat estimates in each of the last four reported quarters.

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