Marsh & McLennan (MRSH) Reports Q1: Everything You Need To Know Ahead Of Earnings

MRSH Cover Image

Professional services firm Marsh & McLennan (NYSE: MRSH) will be reporting results this Thursday before market hours. Here’s what investors should know.

Marsh & McLennan beat analysts’ revenue expectations last quarter, reporting revenues of $6.60 billion, up 8.7% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS and organic revenue estimates.

Is Marsh & McLennan a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Marsh & McLennan’s revenue to grow 4.6% year on year, slowing from the 9.1% increase it recorded in the same quarter last year.

Marsh & McLennan Total Revenue

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing in majority downward revisions over the last 30 days. Marsh & McLennan has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Marsh & McLennan’s peers in the professional services segment, only Concentrix has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 5.4%. The stock was down 25.3% on the results.

Read our full analysis of Concentrix’s earnings results here.

There has been positive sentiment among investors in the professional services segment, with share prices up 6.2% on average over the last month. Marsh & McLennan’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $202.50 (compared to the current share price of $172.71).

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