Core Insights - Willis Towers Watson Public Limited Company (WTW) is anticipated to experience a decline in both revenue and earnings for the fourth quarter of 2025, with revenues expected to be $2.87 billion, reflecting a 5.5% decrease year-over-year [1] - The consensus estimate for earnings per share is $7.93, indicating a year-over-year decrease of 2.4%, although this estimate has increased by 0.3% over the past 60 days [2] Revenue Expectations - Revenue growth in the fourth quarter is likely to be supported by strong performances across all segments, particularly in Health and Wealth, driven by international expansion and new business initiatives [5][10] - The Wealth business is expected to benefit from robust Retirement work in Great Britain and North America, along with growth from new investment products [6] - The Benefits Delivery & Outsourcing segment is projected to perform well due to strong project and core administration work in Europe, although this may be partially offset by lower commission revenues in North America [7] Expense Projections - Expenses for the fourth quarter are expected to rise to $1.9 billion, influenced by higher incentive costs, salary expenses, and costs associated with the Transformation program [8][10] Earnings Prediction Model - The Zacks Model indicates that WTW is not likely to beat earnings expectations this quarter, as it has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [3][4]

Core Insights - Willis Towers Watson Public Limited Company (WTW) is anticipated to show an improvement in its bottom line while experiencing a decline in its top line for the third quarter of 2025, with revenues expected to be $2.28 billion, reflecting a 0.5% decrease year-over-year [1] Revenue Expectations - The consensus estimate for WTW's third-quarter earnings is $3.00 per share, indicating a year-over-year increase of 2.3% [2] - Revenue growth is expected to be driven by strong performances across all segments, particularly in Health and Wealth, aided by new business wins and client retention [5][10] Segment Performance - The Wealth business is likely to benefit from increased Retirement work globally and growth in Investments due to new business and product launches [6] - The Benefits Delivery & Outsourcing segment is expected to see growth from increased project and core administration work in Europe, although this may be offset by lower commission revenues in the individual marketplace [7] - Corporate Risk & Broking is projected to benefit from strong business generation and global specialization, contributing to overall revenue growth [8] Expense Outlook - Expenses for the third quarter are expected to rise to $1.8 billion, driven by higher incentive costs, salary expenses, and losses on professional liability claims [9]