WTW 3Q Earnings Beat Estimates

WTW's third-quarter earnings beat the Zacks Consensus Estimate.

Source: Zacks | Published on October 27, 2022

WTW specialty growth

Willis Towers Watson (WTW) came out with quarterly earnings of $2.20 per share, beating the Zacks Consensus Estimate of $2.14 per share. This compares to earnings of $1.73 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 2.80%. A quarter ago, it was expected that this advisory, broking and solutions company would post earnings of $2.31 per share when it actually produced earnings of $2.32, delivering a surprise of 0.43%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Willis Towers Watson , which belongs to the Zacks Insurance – Brokerage industry, posted revenues of $1.95 billion for the quarter ended September 2022, missing the Zacks Consensus Estimate by 1.63%. This compares to year-ago revenues of $1.97 billion. The company has not been able to beat consensus revenue estimates 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.

Willis Towers Watson shares have lost about 11.2% since the beginning of the year versus the S&P 500’s decline of -19.6%.