Aon Q1 2024 Adj EPS $5.66 Misses $5.91 Estimate, Sales $4.070B Miss $4.126B Estimate
Portfolio Pulse from Benzinga Newsdesk
Aon's Q1 2024 adjusted earnings per share (EPS) of $5.66 missed the consensus estimate of $5.91 by 4.23%, and its sales of $4.070B fell short of the $4.126B estimate by 1.36%. Despite this, the company saw a 5.14% increase in sales compared to the same period last year.
April 26, 2024 | 10:02 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Aon's Q1 2024 earnings and sales missed analyst estimates, with adjusted EPS at $5.66 versus the expected $5.91 and sales at $4.070B against the $4.126B forecast. However, the company experienced a 5.14% year-over-year sales increase.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the year-over-year sales growth might mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100