Here's What Key Metrics Tell Us About Willis Towers Watson (WTW) Q3 Earnings
Willis Towers Watson (WTW) reported $2.17 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 10.9%. EPS of $2.24 for the same period compares to $2.20 a year ago.
The reported revenue represents a surprise of +4.22% over the Zacks Consensus Estimate of $2.08 billion. With the consensus EPS estimate being $2.07, the EPS surprise was +8.21%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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- Health, Wealth and Career: $1.28 billion versus $1.22 billion estimated by six analysts on average.
Revenue- Risk and Broking: $855 million versus the six-analyst average estimate of $813.55 million.
Revenue- Segment Revenue: $2.14 billion compared to the $2.04 billion average estimate based on five analysts.
Revenue- Reimbursable expenses and other: $29 million compared to the $29.30 million average estimate based on five analysts.
Segment Operating Income- Risk and Broking: $134 million versus $115.73 million estimated by five analysts on average.
Segment Operating Income- Health, Wealth and Career: $305 million versus the five-analyst average estimate of $247.21 million.
View all Key Company Metrics for Willis Towers Watson here>>>
Shares of Willis Towers Watson have returned -1.8% over the past month versus the Zacks S&P 500 composite's -3.4% 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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Willis Towers Watson Public Limited Company (WTW) : Free Stock Analysis Report
