S&P 500 (NYSE:SPY) component Marsh & McLennan Companies, Inc. (NYSE:MMC) will unveil its latest earnings on Wednesday, August 3, 2011. Marsh & McLennan Companies, Inc. is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital.
Marsh & McLennan Companies, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 48 cents per share, a rise of 4.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 49 cents. Between one and three months ago, the average estimate was unchanged, but has since dropped during the last month. For the year, analysts are projecting net income of $1.87 per share, a rise of 14% from last year.
Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 2 cents in the fourth quarter of the last fiscal year, the company fell in line with expecations by reporting profit of 56 cents per share last quarter.
Wall St. Revenue Expectations: On average, analysts predict $2.82 billion in revenue this quarter, a rise of 8% from the year ago quarter. Analysts are forecasting total revenue of $11.37 billion for the year, a rise of 7.8% from last year’s revenue of $10.55 billion.
Analyst Ratings: Analysts seem relatively indifferent about Marsh & McLennan Companies with eight of 15 analysts surveyed maintaining a hold rating.
Competitors to Watch: Aon Corporation (NYSE:AON), Arthur J. Gallagher & Co. (NYSE:AJG), Brown & Brown, Inc. (NYSE:BRO), Willis Group Holdings PLC (NYSE:WSH), InsWeb Corporation (NASDAQ:INSW), Fortegra Financial Corp (NYSE:FRF), Verisk Analytics, Inc. (NASDAQ:VRSK), CNinsure Inc. (NASDAQ:CISG), and Life Partners Hldgs., Inc. (NASDAQ:LPHI).
Stock Price Performance: During June 29, 2011 to July 28, 2011, the stock price had dropped $1.43 (-4.7%) from $30.73 to $29.30. The stock price saw one of its best stretches over the last year between February 10, 2011 and February 18, 2011 when shares rose for seven-straight days, rising 8% (+$2.26) over that span. It saw one of its worst periods between March 11, 2011 and March 17, 2011 when shares fell for five-straight days, falling 3.7% (-$1.09) over that span. Shares are up $2.55 (+9.5%) year to date.
(Source: Xignite Financials)