Analysts on Wall Street project that Willis Towers Watson (WTW) will announce quarterly earnings of $7.04 per share in its forthcoming report, representing an increase of 11.2% year over year. Revenues are projected to reach $2.9 billion, increasing 6.7% from the same quarter last year.
The current level reflects an upward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Willis Towers Watson metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Revenue- Health, Wealth and Career' of $1.83 billion. The estimate indicates a year-over-year change of +6.4%.
According to the collective judgment of analysts, 'Revenue- Risk and Broking' should come in at $1.03 billion. The estimate suggests a change of +8.3% year over year.
It is projected by analysts that the 'Segment Operating Income- Risk and Broking' will reach $307.95 million. Compared to the current estimate, the company reported $269 million in the same quarter of the previous year.
Analysts expect 'Segment Operating Income- Health, Wealth and Career' to come in at $725.60 million. Compared to the current estimate, the company reported $672 million in the same quarter of the previous year.
View all Key Company Metrics for Willis Towers Watson here>>>
Willis Towers Watson shares have witnessed a change of +2.4% in the past month, in contrast to the Zacks S&P 500 composite's +1.6% move. With a Zacks Rank #3 (Hold), WTW is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.