Marsh & McLennan Companies, Inc. (NYSE:MMC) Q1 2024 Earnings Conference Call April 18, 2024 8:30 PM ET Company Participants John Doyle - President & Chief Executive Officer Mark McGivney - Chief Financial Officer Martin South - Chief Executive Officer, Marsh Dean Klisura - Chief Executive Officer, Guy Carpenter Nick Studer - Chief Executive Officer, Oliver Wyman Pat Tomlinson - Chief Executive Officer, Mercer Conference Call Participants David Motemaden - Evercore ISI Jimmy Bhullar - JPMorgan Elyse Greenspa ...

Marsh & McLennan (MMC) reported $6.47 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.3%. EPS of $2.89 for the same period compares to $2.53 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.38 billion, representing a surprise of +1.53%. The company delivered an EPS surprise of +3.58%, with the consensus EPS estimate being $2.79.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Marsh's revenue in the first quarter of 2024 was $3.0 billion, an increase of 9%, or 8% on an underlying basis. In U.S./Canada, underlying revenue rose 8%. International operations produced underlying revenue growth of 8%, reflecting 9% growth in EMEA, 8% growth in Latin America, and 6% growth in Asia Pacific. Guy Carpenter's revenue in the first quarter was $1.1 billion, an increase of 7%, or 8% on an underlying basis. Consulting Consulting revenue was $2.2 billion in the first quarter of 2024, an increase ...

Investors are always looking for stocks that are poised to beat at earnings season and Marsh & McLennan Companies, Inc. (MMC) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Marsh & McLennan is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible ...

Marsh & McLennan Companies, Inc. (MMC) is set to report its first-quarter 2024 results on Apr 18, before the closing bell.What Do the Estimates Say?The Zacks Consensus Estimate for first-quarter earnings per share (EPS) of $2.78 is indicative of a 9.9% increase from the year-ago quarter’s reported earnings of $2.53 per share. The consensus estimate for revenues is pegged at $6.4 billion, suggesting a rise of 7.6% from the year-ago quarter’s reported figure.Marsh & McLennan’s earnings beat estimates in all t ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Marsh & McLennan (MMC) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 18, 2024, might help the stock move higher if these key numbers are better than e ...

Marsh & McLennan Companies, Inc.’s (MMC) business, Oliver Wyman, recently announced that it is combining its aviation brand CAVOK and SeaTec Consulting Inc. into Oliver Wyman Vector. SeaTec Consulting caters to aerospace, defense, aviation and transportation industries. The move is expected to boost Oliver Wyman’s position in the aviation space.Combining these two businesses will result in more significant synergies and deliver excellent solutions to clients in the transportation industry. Oliver Wyman Vect ...

NEW YORK, April 8, 2024 /PRNewswire/ -- Oliver Wyman, a global leader in management consulting, and a business of Marsh McLennan (NYSE:MMC) today announced the new name for the combination of legacy aviation brand CAVOK and recently acquired SeaTec Consulting Inc.. The new name for the combined businesses is Oliver Wyman Vector and will be part of the firm's broader transportation practice. "We are excited to unveil Oliver Wyman Vector at the MRO Americas conference, one of the industry's premier events," s ...

Marsh & McLennan Companies, Inc. (MMC) is well-poised for growth on the back of sustained revenue increase, new business growth, frequent acquisitions and a commendable financial position. Zacks Rank & Price RallyMarsh & McLennan currently carries a Zacks Rank #3 (Hold).The stock has gained 30.4% in the past year compared with the industry’s 25.6% rise. The Zacks Finance sector and the S&P 500 composite have rallied 26.4% and 29.4%, respectively, in the said time frame. Image Source: Zacks Investment Resear ...

NEW YORK--(BUSINESS WIRE)--Mercer, a global investments leader and a business of Marsh McLennan (NYSE: MMC), today announced the completion of its acquisition of Vanguard’s Outsourced Chief Investment Officer (OCIO) business that provides investment management services for not-for-profit organizations and other institutional investors in the United States. The acquisition, announced in December of last year, expands Mercer’s capabilities and expertise across investment solutions in the US. Commenting on ...