Willis Group Holdings Public Limited Company (NYSE:WSH) 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.
Willis Group Holdings Public Limited Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10.61% to $1.46 in the quarter versus EPS of $1.32 in the year-earlier quarter.
Revenue: Rose 3.75% to $1.05 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Willis Group Holdings Public Limited Company reported adjusted EPS income of $1.46 per share. By that measure, the company beat the mean analyst estimate of $1.31. It beat the average revenue estimate of $1.05 billion.
Quoting Management: “We are very pleased with our solid results in the first quarter, spread evenly throughout our business,” said Dominic Casserley, CEO of Willis Group Holdings. “We will continue working to build on the positive trajectory of our organic growth over the last two quarters. As shown by our first quarter charge, our efforts are also focused on tempering expense growth and delivering strong, sustainable results over the long term.”
Key Stats (on next page)…
Revenue increased 20.67% from $871 million in the previous quarter. EPS increased 224.44% from $0.45 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 $0.60 to a profit $0.57. For the current year, the average estimate has moved down from a profit of $2.72 to a profit of $2.62 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)