Aon (AON) Q2 Earnings and Revenues Beat Estimates

Core Insights - Aon reported quarterly earnings of $3.49 per share, exceeding the Zacks Consensus Estimate of $3.4 per share, and up from $2.93 per share a year ago, representing an earnings surprise of +2.65% [1][2] - The company generated revenues of $4.16 billion for the quarter, surpassing the Zacks Consensus Estimate by 0.72% and increasing from $3.76 billion year-over-year [2] - Aon has outperformed consensus EPS estimates three times over the last four quarters and has topped revenue estimates twice in the same period [2] Earnings Outlook - The future performance of Aon's stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current consensus EPS estimate for the upcoming quarter is $2.89 on revenues of $3.94 billion, while for the current fiscal year, the estimate is $16.76 on revenues of $17.19 billion [7] Industry Context - The Insurance - Brokerage industry, to which Aon belongs, is currently ranked in the top 32% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5][6]