Willis Towers Watson Public Limited Company (WTW), with a market capitalization of $31.6 billion, is a London-based global firm specializing in advisory, broking, and risk management solutions, including insurance brokerage and consulting services. The company is scheduled to announce its Q4 earnings on Tuesday, Feb. 4.
Ahead of the event, analysts expect WTW to report a profit of $8.02 per share, up 7.8% from $7.44 per share in the year-ago quarter. The company has surpassed Wall Street’s EPS estimates in its last four quarterly reports. Its adjusted earnings of $2.93 per share for the last quarter surpassed the consensus estimate by 9.3%, driven by strong demand for its advisory services.
For fiscal 2024, analysts expect WTW to report EPS of $16.75, up 15.6% from $14.49 in fiscal 2023.
WTW stock has surged 29.7% over the past year, outperforming the broader S&P 500 Index's ($SPX) 24.4% gains but trailing the iShares U.S. Financial Services ETF (IYG) 30.3% returns over the same time frame.
WTW shares rose around 3% after the release of its impressive Q3 earnings on Oct. 31. The company reported strong topline growth and success towards its multi-year Transformation program.
The consensus opinion on WTW stock is moderately bullish, with an overall “Moderate Buy” rating. Of the 21 analysts covering the stock, 11 advise a “Strong Buy” rating, one suggests a “Moderate Buy,” eight indicate a “Hold,” and one advises a “Strong Sell.”
WTW's average analyst price target is $353.42, suggesting a potential upside of 12.5% from the current levels.
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