Aon (AON) Q2 Earnings Miss Estimates

Group 1: Earnings Performance - Aon reported quarterly earnings of $2.93 per share, missing the Zacks Consensus Estimate of $3.09 per share, but showing an increase from $2.76 per share a year ago, representing an earnings surprise of -5.18% [1] - The company posted revenues of $3.76 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.01%, and up from $3.18 billion year-over-year [1] Group 2: Market Performance and Outlook - Aon shares have increased by approximately 2.7% since the beginning of the year, compared to the S&P 500's gain of 13.2% [2] - The current consensus EPS estimate for the upcoming quarter is $2.55 on revenues of $3.66 billion, and for the current fiscal year, it is $15.41 on revenues of $15.61 billion [4] Group 3: Industry Context - The Insurance - Brokerage industry, to which Aon belongs, is currently ranked in the top 23% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [4] - Aon's earnings estimate revisions trend is currently unfavorable, resulting in a Zacks Rank 4 (Sell), suggesting expected underperformance in the near future [3]