Marsh & McLennan Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Marsh & McLennan Companies, Inc. (NYSE:MMC) is anticipated to report higher Q1 earnings with an expected EPS of $2.80, up from $2.53 year-over-year, and revenue of $6.39 billion, up from $5.92 billion. The company declared a quarterly dividend of 71 cents per share, payable on May 15, 2024. Shares rose 0.7% to close at $197.62 recently. Analysts have adjusted their ratings, with Piper Sandler and Wells Fargo downgrading the stock, while Evercore ISI Group and others have adjusted their price targets.
April 18, 2024 | 6:45 am
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Marsh & McLennan is expected to report increased Q1 earnings and revenue, declared a quarterly dividend, and experienced a recent stock price rise. Analyst ratings have shown a mix of downgrades and price target adjustments.
The expected increase in earnings and revenue, combined with a dividend declaration and recent stock price rise, suggests a positive short-term outlook for MMC. However, mixed analyst ratings indicate varied expectations, which could influence investor sentiment and stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100