Willis Towers Watson PLC reports results for the quarter ended in June - Earnings Summary

Willis Towers Watson

25/07/2024 14:51

* Willis Towers Watson PLC  WTW.OQ  reported quarterly
adjusted
earnings of $2.55​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $2.05.  The mean expectation of
seventeen analysts for the quarter was for earnings of $2.33 per
share. Wall Street expected results to range from $2.22 
to $2.45 per share.
    * Revenue rose 4.9% to $2.27 billion from a year ago;
analysts
expected $2.27 billion. 
    * Willis Towers Watson PLC's reported EPS for the quarter
was
$1.36​.
    * The company reported quarterly net income of $142 million.
    * Willis Towers Watson PLC shares had risen by 1.9% this
quarter and gained 10.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
insurance
& brokers peer group is also "buy"

Wall Street's median 12-month price target for Willis Towers
Watson PLC is $303.65 
This summary was machine generated from LSEG data July 25 at
01:51 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
 Jun. 30 2024      2.33           2.55           Beat
 Mar. 31 2024      3.27           3.29           Beat
 Dec. 31 2023      7.05           7.44           Beat
 Sep. 30 2023      2.05           2.24           Beat