Have you been eager to see how Marsh & McLennan Companies, Inc. (MMC - Free Report) performed in Q1 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
Marsh & McLennan came out with adjusted earnings per share of $1.52, surpassing the Zacks Consensus Estimate by 4.8%.
Earnings Surprise History
Marsh & McLennan has a decent earnings surprise history. The company delivered positive surprises in three of the four trailing quarters, with an average beat of 3.43%.
Revenue Beating the Expectations
Marsh & McLennan posted revenues of $4.1 billion, beating the Zacks Consensus Estimate by 4% on an underlying basis. Meanwhile, the top line missed the Zacks Consensus Estimate by 3.1%.
Key Q1 Statistics
Total operating expenses of $3.1 billion in the first quarter were up 1.3% year over year.
Cash outflow for operations totaled $276 million, down 24.2% ear over year.
What Zacks Rank Says
Marsh & McLennan carries a Zacks Rank #3 (Hold). However, since the latest earnings performance yet to be reflected in the estimate revisions, the rank is subject to change. 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 Marsh & McLennan earnings report!
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