Overview

* Marsh McLennan ( MMC ) Q3 revenue grows 11%, beating analyst expectations, per LSEG data

* Adjusted EPS for Q3 increases 11% to $1.85, beating consensus

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* RISK & INSURANCE SERVICES - Revenue increased 13%, driven by international growth, particularly in Asia Pacific and EMEA

* CONSULTING GROWTH - Consulting revenue grew 9%, with Oliver Wyman showing strong underlying growth of 8%

* REBRANDING INITIATIVE - Co announced rebranding to Marsh and creation of Business and Client Services unit to enhance client impact and efficiency

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $6.35 $6.32

Revenue bln bln (13

Analysts

)

Q3 Beat $1.85 $1.78

Adjusted (20

EPS Analysts

)

Q3 EPS $1.51

Q3 $5.18

Operatin bln

g

Expenses

Q3 $1.17

Operatin bln

g income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 14 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the multiline insurance & brokers peer group is "buy."

* Wall Street's median 12-month price target for Marsh & McLennan Companies Inc ( MMC ) is $224.00, about 9% above its October 15 closing price of $203.85

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)