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Aon plc (AON) Q2 Earnings and Revenues Beat Estimates

Zacks Equity Research
Updated

Have you been eager to see how Aon plc AON performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this popular global professional services company’s earnings release this morning.

An Earnings Beat    

Aon came out with operating earnings of $1.71 per share, which beat the Zacks Consensus Estimate of $1.63 and grew 31% year over year. Rise in revenues primarily supported the results.

Earnings Surprise History

Aon has a decent earnings surprise history. The company delivered positive surprises in three of the four quarters, with an average beat of 2.11%.

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Aon plc Price and EPS Surprise

Aon plc Price and EPS Surprise | Aon plc Quote

Revenue Came in Higher than Expected

Aon posted revenues of $2.6 billion, which was higher than the Zacks Consensus Estimate of $2.5 billion and increased 10% year over year.

Key Q2 Statistics

Total operating expenses increased 3% to $2.6 billion. The company incurred restructuring expenses of $19.5 million.

Adjusted Operating margin expanded 130 basis points to 22%.

Adjusted free cash flow increased 17% to $580 million  in the first six months ended Jun 30, 2018.

What Zacks Rank Says    

Aon carries a Zacks Rank #3 (Hold). However, since the latest earnings performance yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on this Aon earnings report!

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Zacks Investment Research