Aon Earnings: Everything You Must Know Now
Aon Corporation (NYSE:AON) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Aon Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 13.27% to $1.11 in the quarter versus EPS of $0.98 in the year-earlier quarter.
Revenue: Rose 2.6% to $2.92 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Aon Corporation reported adjusted EPS income of $1.11 per share. By that measure, the company beat the mean analyst estimate of $1.10. It beat the average revenue estimate of $2.87 billion.
Quoting Management: “Our first quarter results reflect a solid start to the year with double-digit earnings growth driven by a strong performance in our Risk Solutions business and effective capital management, as highlighted by the repurchase of $300 million of ordinary shares in the quarter,” said Greg Case, president and chief executive officer.
Key Stats (on next page)…
Revenue decreased 6.42% from $3.12 billion in the previous quarter. EPS decreased 12.6% from $1.27 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.15 to a profit $1.11. For the current year, the average estimate has moved down from a profit of $4.76 to a profit of $4.71 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)