Marsh & McLennan (NYSE:MMC) is expected to report Q2 earnings before market open Wednesday, August 6, with a conference call scheduled for 8:30 a.m. ET.
Analysts are looking for EPS of 35c on revenue of $2.94B. The consensus range for EPS is 29c to 43c, while the consensus range for revenue is $2.9B to $3.04B, according to First Call.
Citigroup upgraded Marsh & McLennan (MMC) to Buy from Hold on July 8. The firm cited the company's potential for margin expansion, as well as its large amount of business outside the U.S. and Europe. In addition, Citigroup believes Marsh's business model is recession resistant, and they think the company's new CEO, Brian Duperreault, is a significant upgrade over his predecessor.
Marsh will have to show that it has stopped losing brokerage clients to Aon (AOC), a KBW analyst recently told Bloomberg. Meanwhile, Marsh has said in recent months that it would reduce expenses in its core brokerage unit, and the company eliminated 150 brokerage jobs in Q1. Investors will be looking to see whether the company plans to undertake additional cost-cutting initiatives.