Marsh & McLennan (MMC) Beats Q1 Earnings And Revenues

Have you been eager to see how Marsh & McLennan Companies, Inc. (NYSE:MMC) ) 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 of $1.38 per share, which beat the Zacks Consensus Estimate of $1.30.

Marsh & McLennan Companies, Inc. Price and EPS Surprise

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 4.5%.

Revenue Came Higher than Expected

Marsh & McLennan posted revenues of $4 billion, which was higher than the Zacks Consensus Estimate of $3.8 billion.

Key Q1 Statistics

Total operating expenses of $3.1 billion was up 12.3% year over year.

The company repurchased 3.0 million shares of its common stock for $250 million in the first quarter.

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. 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 Marsh & McLennan earnings report !

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