Willis Towers Watson(US:WTW) ZACKS·2024-10-31 14:36Core Insights - Willis Towers Watson (WTW) reported revenue of $2.29 billion for Q3 2024, marking a year-over-year increase of 5.7% and exceeding the Zacks Consensus Estimate by 0.41% [1] - The earnings per share (EPS) for the quarter was $2.93, up from $2.24 a year ago, representing a surprise of 9.33% over the consensus estimate of $2.68 [1] Revenue Performance - Revenue from the Health, Wealth and Career segment was $1.33 billion, slightly below the average estimate of $1.34 billion, reflecting a year-over-year increase of 3.6% [3] - Revenue from the Risk and Broking segment reached $940 million, surpassing the estimated $935.50 million, with a year-over-year growth of 9.9% [3] - Total segment revenue was reported at $2.27 billion, exceeding the estimate of $2.26 billion, and showing a year-over-year increase of 6.1% [3] - Revenue from reimbursable expenses and other was $15 million, significantly lower than the estimated $23.60 million, indicating a year-over-year decline of 48.3% [3] Operating Income - Segment operating income for Risk and Broking was $170 million, higher than the estimated $147.09 million [3] - Segment operating income for Health, Wealth and Career was $329 million, compared to the average estimate of $317.80 million [3] Stock Performance - Over the past month, shares of Willis Towers Watson have returned -0.6%, while the Zacks S&P 500 composite has increased by 1% [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]