Marsh & McLennan Companies, Inc. (NYSE:MMC ) Q3 2024 Earnings Conference Call October 17, 2024 8:00 AM ET Company Participants John Doyle - President and CEO Mark McGivney - CFO Nick Studer - President & CEO, Oliver Wyman Group Martin South - President & CEO, Marsh Dean Klisura - President & CEO, Guy Carpenter Conference Call Participants Elyse Greenspan - Wells Fargo Jimmy Bhullar - JPMorgan Greg Peters - Raymond James Mike Zaremski - BMO Capital Markets Brian Meredith - UBS Grace Carter - Bank of America Rob Cox - Goldman Sachs Andrew Kligerman - TD Cowen Operator Welcome to Marsh McLennan's Earnings Conference Call. Today's call is being recorded.
Although the revenue and EPS for Marsh & McLennan (MMC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Marsh & McLennan (MMC) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.57 per share a year ago.
MMC's third-quarter earnings are likely to have benefited from better performance from its Risk and Insurance Services and Consulting segments.
Besides Wall Street's top -and-bottom-line estimates for Marsh & McLennan (MMC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Marsh & McLennan (MMC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MMC is well-poised on sustained top-line growth, rate hikes and prudent deployment of capital.
MMC inks a deal to acquire McGriff Insurance Services for $7.75 billion in cash.
Insurance brokerage Marsh McLennan said on Monday it has agreed to buy smaller rival McGriff Insurance Services for $7.75 billion.
MMC generates most of its revenues from developed and western markets, limiting geographic risks.
Marsh & McLennan (MMC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Marsh & McLennan's (MMC) second-quarter results benefit on strong international operations and sound contribution from Health and Wealth businesses.