Willis Towers Watson Raises FY24 EPS Outlook From $15.40-$17 To $16-$17 Vs $16.27 Est.; Sees FY24 Revenue $9.9B+ Vs $9.96B Est.
Portfolio Pulse from Benzinga Newsdesk
Willis Towers Watson (WTW) has raised its FY24 EPS outlook from $15.40-$17 to $16-$17, compared to the $16.27 estimate. The company also sees FY24 revenue at $9.9 billion or more, versus the $9.96 billion estimate. Adjusted operating margin is now expected to be between 23.0%-23.5%, up from the previous 22.5%-23.5%. The transformation program's annual cost savings are projected to be around $450 million, up from $425 million, with costs to achieve these savings rising to $1.175 billion from $1.125 billion.
July 25, 2024 | 12:50 pm
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Willis Towers Watson (WTW) has raised its FY24 EPS outlook and adjusted operating margin, while maintaining its revenue forecast. The transformation program's cost savings and costs to achieve have also been updated.
The raised EPS outlook and adjusted operating margin indicate improved profitability expectations, which is likely to positively impact WTW's stock price in the short term. The maintained revenue forecast and increased cost savings also contribute to a positive outlook.
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