Strong operations in the international market, especially in Latin America and Asia are expected to have provided an impetus to MMC’s second-quarter performance. The Risk and Insurance Services segment is expected to have gained on the back of solid contributions from its Marsh and Guy Carpenter sub-divisions. Strong performances from MMC’s Risk and Insurance Services and Consulting segments are likely to have aided its top line in the second quarter of 2023. Now, let us see how things have shaped up prior to the second-quarter earnings announcement. However, the upside was partly offset by higher compensation and benefits costs. In the last reported quarter, the globally leading insurance broker company’s adjusted earnings per share of $2.53 beat the Zacks Consensus Estimate by 3.3%, primarily on the back of solid contributions from its Risk and Insurance Services, and Consulting segments. Zacks Rank: Marsh & McLennan currently has a Zacks Rank #2.īefore we get into what to expect for the to-be-reported quarter in detail, it’s worth taking a look at MMC’s previous-quarter performance first. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. This is because the Most Accurate Estimate is currently pegged at $2.14 per share, higher than the Zacks Consensus Estimate of $2.12 per share. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is precisely the case here.Įarnings ESP: Marsh & McLennan has an Earnings ESP of +0.67%. Our proven model predicts a likely earnings beat for Marsh & McLennan this time around as well.
Quote What the Quantitative Model Suggests price-eps-surprise | Marsh & McLennan Companies, Inc.
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