Overview
Marsh McLennan Q3 revenue grows 11%, beating analyst expectations, per LSEG data
Adjusted EPS for Q3 increases 11% to $1.85, beating consensus
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
RISK & INSURANCE SERVICES - Revenue increased 13%, driven by international growth, particularly in Asia Pacific and EMEA
CONSULTING GROWTH - Consulting revenue grew 9%, with Oliver Wyman showing strong underlying growth of 8%
REBRANDING INITIATIVE - Co announced rebranding to Marsh and creation of Business and Client Services unit to enhance client impact and efficiency
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$6.35 bln
$6.32 bln (13 Analysts)
Q3 Adjusted EPS
Beat
$1.85
$1.78 (20 Analysts)
Q3 EPS
$1.51
Q3 Operating Expenses
$5.18 bln
Q3 Operating income
$1.17 bln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 14 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the multiline insurance & brokers peer group is "buy."
Wall Street's median 12-month price target for Marsh & McLennan Companies Inc is $224.00, about 9% above its October 15 closing price of $203.85
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago
Press Release: ID:nBw849sd5a
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)