Marsh & McLennan Companies Inc reports results for the quarter ended in March - Earnings Summary

Marsh & McLennan Companies

18/04/2024 14:31

* Marsh & McLennan Companies Inc  MMC.N  reported quarterly
adjusted earnings of $2.89​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of $2.53.  The mean expectation of twenty analysts
for the quarter was for earnings of $2.80 per share. Wall Street
expected results to range from $2.67  to $2.88 per share.
    * Revenue rose 9.3% to $6.47 billion from a year ago;
analysts
expected $6.39 billion. 
    * Marsh & McLennan Companies Inc's reported EPS for the
quarter
was $2.82​.
    * The company reported quarterly net income of $1.4 billion.
    * Marsh & McLennan Companies Inc shares had fallen by 4.1%
this
quarter and gained 4.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 15
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
insurance
& brokers peer group is also "hold"

Wall Street's median 12-month price target for Marsh & McLennan
Companies Inc is $210.00 
This summary was machine generated from LSEG data April 18 at
01:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      2.80           2.89           Beat
 Dec. 31 2023      1.63           1.68           Beat
 Sep. 30 2023      1.39           1.47           Beat
 Jun. 30 2023      2.12           2.20           Beat