Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

Willis Towers (WLTW) Beats Q1 Earnings, Gives Guidance

Willis Towers Watson plc, WLTW is a leading global advisory, broking and solutions company. The company caters to large companies and mid-market and small businesses across the world. Notably, this is the first quarter in which the company will report its earnings after the merger of Willis Group and Towers Watson.

Willis Towers is set to deliver $4.7 billion in long-term shareholder value via incremental revenue growth, cost synergies, and tax efficiencies besides unlocking balance sheet capacity. Strategic acquisitions, prudent capital management are positives for the company.

However, adverse forex, exposure to soft interest rate environment are headwinds faced by the company.

Currently, Willis Towers has a Zacks Rank #4 (Sell), but that could definitely change following Cigna earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings:  Willis Towers beat on earnings. Our consensus called for EPS of $2.80, and the company reported EPS of $3.41.

Key Stats to Note:

Adjusted revenues improved 13% year over year to $2.3 billion.

Total costs of providing services sot up 140% to $1.9 billion.

Income from operations improved 11.3% to $3.26 million.

Cash and cash equivalents increased 79% over 2015 end level to $954 million.

Willis Towers projects adjusted earnings per share to be between $7.70 and $7.95 on low-double digit constant currency revenue growth

Check back later for our full write up on this WLTW earnings report later!
 

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
WILLIS TWRS WAT (WLTW): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research