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Compared to Estimates, Willis Towers Watson (WTW) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2024, Willis Towers Watson (WTW - Free Report) reported revenue of $2.27 billion, up 4.9% over the same period last year. EPS came in at $2.55, compared to $2.05 in the year-ago quarter.
The reported revenue represents a surprise of +0.03% over the Zacks Consensus Estimate of $2.26 billion. With the consensus EPS estimate being $2.28, the EPS surprise was +11.84%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Willis Towers Watson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Segment Revenue: $2.24 billion versus the seven-analyst average estimate of $2.24 billion. The reported number represents a year-over-year change of +5.9%.
Revenue- Health, Wealth and Career: $1.26 billion versus $1.28 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +3.7% change.
Revenue- Risk and Broking: $979 million compared to the $958.08 million average estimate based on six analysts. The reported number represents a change of +8.8% year over year.
Revenue- Reimbursable expenses and other: $20 million versus the five-analyst average estimate of $24.95 million. The reported number represents a year-over-year change of -54.6%.
Segment Operating Income- Risk and Broking: $202 million versus the six-analyst average estimate of $158.86 million.
Segment Operating Income- Health, Wealth and Career: $276 million versus the six-analyst average estimate of $238.88 million.
Shares of Willis Towers Watson have returned +1.3% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Willis Towers Watson (WTW) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2024, Willis Towers Watson (WTW - Free Report) reported revenue of $2.27 billion, up 4.9% over the same period last year. EPS came in at $2.55, compared to $2.05 in the year-ago quarter.
The reported revenue represents a surprise of +0.03% over the Zacks Consensus Estimate of $2.26 billion. With the consensus EPS estimate being $2.28, the EPS surprise was +11.84%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Willis Towers Watson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Segment Revenue: $2.24 billion versus the seven-analyst average estimate of $2.24 billion. The reported number represents a year-over-year change of +5.9%.
- Revenue- Health, Wealth and Career: $1.26 billion versus $1.28 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +3.7% change.
- Revenue- Risk and Broking: $979 million compared to the $958.08 million average estimate based on six analysts. The reported number represents a change of +8.8% year over year.
- Revenue- Reimbursable expenses and other: $20 million versus the five-analyst average estimate of $24.95 million. The reported number represents a year-over-year change of -54.6%.
- Segment Operating Income- Risk and Broking: $202 million versus the six-analyst average estimate of $158.86 million.
- Segment Operating Income- Health, Wealth and Career: $276 million versus the six-analyst average estimate of $238.88 million.
View all Key Company Metrics for Willis Towers Watson here>>>Shares of Willis Towers Watson have returned +1.3% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.