Marsh & McLennan (MMC) Beats Q4 Earnings and Revenues
Have you been eager to see how Marsh & McLennan Companies, Inc. MMC) performed in Q4 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 operating earnings of $1.05 per share, which beat the Zacks Consensus Estimate of 95 cents. Rise in revenues primarily supported the results.
Marsh & McLennan Companies, Inc. Price and EPS Surprise
Marsh & McLennan Companies, Inc. Price and EPS Surprise | Marsh & McLennan Companies, Inc. Quote
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 5.2%.
Revenue Came In a Bit Higher than Expected
Marsh & McLennan posted revenues of $3.68 billion, which was a tad higher than the Zacks Consensus Estimate of $3.58 billion.
Key Q4 Statistics
Total operating expenses of $3 billion was up 10% year over year.
Total assets of $20.4 billion were up 12.1% from 2016 year-end level.
The company repurchased 3.6 million shares of its common stock for $300 million in the fourth quarter.
The effective tax rate in the fourth quarter of 2017 was 95.5% compared with 24.9% in the prior year period.
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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