This quarterly report represents an earnings surprise of 1.61%. A quarter ago, it was expected that this global professional services firm providing strategy, risk and people solutions would post earnings of $2.13 per share when it actually produced earnings of $2.30, delivering a surprise of 7.98%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Marsh & McLennan, which belongs to the Zacks Insurance - Brokerage industry, posted revenues of $5.38 billion for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 0.83%. This compares to year-ago revenues of $5.02 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Marsh & McLennan shares have lost about 11.7% since the beginning of the year versus the S&P 500's decline of -16.9%.