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Aon Plc's Q1 Earnings In Line With, Revenues Miss Estimates
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Have you been eager to see how Aon plc (AON - Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this company’s earnings release this morning.
An Earnings Beat
Aon came out with operating earnings of $3.31 per share, in line with the Zacks Consensus Estimate.
Aon has a decent earnings surprise history. The company delivered positive surprises in three of the four quarters, with an average beat of 4.82%.
Revenue Miss Estimates
Aon posted revenues of $3.1 billion, which was lower than the Zacks Consensus Estimate of $3.2 billion. However, the metric increased 2% year over year.
Key Q1 Statistics
Total operating expenses decreased 1% to $2.3 billion. The company incurred restructuring expenses of $91 million.
Adjusted Operating margin expanded 180 basis points year over year to 27.7%.
Adjusted free cash flow decreased 82% year over year to $17 million in the first quarter of 2019.
What Zacks Rank Says
Aon 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. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Aon earnings report!
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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Aon Plc's Q1 Earnings In Line With, Revenues Miss Estimates
Have you been eager to see how Aon plc (AON - Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this company’s earnings release this morning.
An Earnings Beat
Aon came out with operating earnings of $3.31 per share, in line with the Zacks Consensus Estimate.
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 4.82%.
Revenue Miss Estimates
Aon posted revenues of $3.1 billion, which was lower than the Zacks Consensus Estimate of $3.2 billion. However, the metric increased 2% year over year.
Key Q1 Statistics
Total operating expenses decreased 1% to $2.3 billion. The company incurred restructuring expenses of $91 million.
Adjusted Operating margin expanded 180 basis points year over year to 27.7%.
Adjusted free cash flow decreased 82% year over year to $17 million in the first quarter of 2019.
What Zacks Rank Says
Aon 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. 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!
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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