Marsh & McLennan (MMC) Beats Q1 Earnings Estimates

Core Viewpoint - Marsh & McLennan (MMC) reported quarterly earnings of $3.06 per share, exceeding the Zacks Consensus Estimate of$3.02 per share, and showing an increase from $2.89 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 1.32$7.06 billion, slightly missing the Zacks Consensus Estimate by 0.09%, compared to 6.47 billion in the same quarter last year [3] - The company has only topped consensus revenue estimates once in the last four quarters [3] Stock Performance - Marsh & McLennan shares have increased approximately 8.9% since the beginning of the year, contrasting with a decline of 10.3% in the S&P 500 [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is 2.67 on revenues of $6.9 billion, and for the current fiscal year, it is$9.56 on revenues of $26.88 billion [8] - The outlook for the industry, particularly the Insurance - Brokerage sector, is favorable, ranking in the top 27$3.19 per share, reflecting a year-over-year increase of 34% [10] - Erie Indemnity's anticipated revenues are projected to be $986.49 million, representing a 12% increase from the previous year [11]