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Marsh & McLennan's (MMC) Q1 Earnings, Revenue Beat Estimates

Zacks Equity Research

Have you been eager to see how Marsh & McLennan Companies, Inc. 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 per share of $1.52, surpassing the Zacks Consensus Estimate by 4.8%.

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 3.43%.

Marsh & McLennan Companies, Inc. Price and EPS Surprise

Marsh & McLennan Companies, Inc. Price and EPS Surprise | Marsh & McLennan Companies, Inc. Quote

Revenue Beating the Expectations

Marsh & McLennan posted revenues of $4.1 billion, beating the Zacks Consensus Estimate by 4% on an underlying basis. Meanwhile, the top line missed the Zacks Consensus Estimate by 3.1%.

Key Q1 Statistics

Total operating expenses of $3.1 billion in the first quarter were up 1.3% year over year.

Cash outflow for operations totaled $276 million, down 24.2% ear over year.

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. 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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