Have you been eager to see how Aon plc AON performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this company’s earnings release this morning.
An Earnings Beat
Aon came out with operating earnings of $3.31 per share, in line with the Zacks Consensus Estimate.
Aon plc Price and EPS Surprise
Aon plc Price and EPS Surprise | Aon plc Quote
Earnings Surprise History
Aon has a decent earnings surprise history. The company delivered positive surprises in three of the four quarters, with an average beat of 4.82%.
Revenue Miss Estimates
Aon posted revenues of $3.1 billion, which was lower than the Zacks Consensus Estimate of $3.2 billion. However, the metric increased 2% year over year.
Key Q1 Statistics
Total operating expenses decreased 1% to $2.3 billion. The company incurred restructuring expenses of $91 million.
Adjusted Operating margin expanded 180 basis points year over year to 27.7%.
Adjusted free cash flow decreased 82% year over year to $17 million in the first quarter of 2019.
What Zacks Rank Says
Aon 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 Aon earnings report!
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