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Marsh & Mclennan Companies (MMC)
NYSE:MMC
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.77Last Year’s EPS
$1.68Same Quarter Last Year
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 17, 2024
|% Change Since: -7.70%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive sentiment with strong growth figures, successful acquisitions, and a positive outlook for 2024. However, it acknowledges some challenges, particularly from external factors like hurricanes and economic headwinds impacting specific segments.Company Guidance
During the earnings call for Marsh & McLennan Companies (MMC) on October 17, 2024, the company reported robust financial performance for the third quarter. The company achieved a 5% increase in underlying revenue, complemented by a 12% growth in adjusted operating income and a 110 basis point rise in its adjusted operating margin. Adjusted EPS grew by 4%, or 11% when excluding a discrete tax benefit from the previous year. The firm completed $300 million in share repurchases and announced the acquisition of McGriff Insurance Services, contributing approximately $1.3 billion in revenue, with expectations to close the $7.75 billion transaction by year-end. Marsh & McLennan anticipates this acquisition will be modestly accretive to adjusted EPS in the first year and more significantly so in subsequent years. The company remains optimistic about mid-single-digit or better revenue growth and further margin expansion, despite the uncertain macroeconomic landscape.Strong Underlying Revenue Growth
MMC reported 5% underlying revenue growth in Q3 2024, following 10% in the previous year, with significant growth across various segments: Marsh up 7%, Guy Carpenter up 7%, Mercer up 5%, and Oliver Wyman up 1%.
Adjusted Operating Income and Margin Expansion
Adjusted operating income grew 12%, with an adjusted operating margin expansion of 110 basis points year-over-year.
McGriff Acquisition
MMC announced the acquisition of McGriff Insurance Services for $7.75 billion, expected to be modestly accretive to adjusted EPS in year 1 and more meaningfully accretive in year 2 and beyond.
Largest M&A Year in MMC's History
MMC committed nearly $10 billion to acquisitions year-to-date, marking the largest M&A year in the company's history.
Positive Outlook for 2024
MMC expects mid-single-digit or better underlying revenue growth, margin expansion, and strong growth in adjusted EPS for the full year 2024.
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MMC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MMC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | $227.91 | $226.92 | -0.43% |
| Jul 18, 2024 | $219.02 | $215.81 | -1.47% |
| Apr 18, 2024 | $196.16 | $200.24 | +2.08% |
| Jan 25, 2024 | $196.53 | $189.01 | -3.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Marsh & Mclennan Companies (MMC) report earnings?
Marsh & Mclennan Companies (MMC) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Marsh & Mclennan Companies (MMC) earnings time?
Marsh & Mclennan Companies (MMC) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MMC EPS forecast?
MMC EPS forecast for the fiscal quarter 2024 (Q4) is $1.77.
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