Research Report for TW as of 7/27/11 - Chaikin Power Tools

Page 1

Towers Watson (TW)

Price: $63.18

Industry: Business Service Chaikin Power Gauge Report | Generated: Wed Jul 27 11:30 EDT 2011 TW Towers Watson

$63.18

Power Gauge Rating

TW - Neutral TM

The Chaikin Power Gauge Rating for TW is neutral with attractive financial metrics, very strong earnings performance, bullish price/volume activity and very positive expert opinions.

Financial Metrics

TW's earnings performance is very strong as a result of high earnings growth over the past 3-5 years.

Earnings Performance

TW's financial metrics are very good due to a high price to book value ratio.

Price/Volume Activity

Despite these bullish factors, Chaikin Power Tools has identified a negative trend resulting in a neutral rating.

Expert Opinions

News Sentiment Rating

Neutral TW Towers Watson

July 21, 2011

TM

Chaikin Sentiment Gauge for TW is neutral. Stories concerning TW have a balanced or neutral sentiment.

News Sentiment :Neutral

Power Trend - 5 Year Chart

The Power Gauge distills a 20 factor model into a concise picture of a stock's potential.

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High Potential

Neutral

Low Potential

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Financials & Earnings

Financial Metrics

Financial Metrics Rating

Bullish

LT Debt/Equity Ratio

TW's financial metrics are very good. The company does not hold much long term debt and generates high free cash flow relative to market capitalization.

Price to Book Value

The rank is based on a low long term debt to equity ratio and relatively high cash flow.

Return on Equity

Price to Sales Ratio

Business Value

Assets and Liabilities

Valuation

Returns

Ratio

TTM

Ratio

TTM

Ratio

Current Ratio

1.45

Price/Book

1.36

Return on Invest

12.0%

LT Debt/Equity

0.00

Price/Sales

1.96

Return on Equity

12.0%

Earnings Performance

TTM

Earnings Performance Rating

Very Bullish

Earnings Growth

TW's earnings performance has been very strong. The company has a history of strong earnings growth and has outperformed analysts' earnings estimates.

Earnings Surprise

The rank is based on high earnings growth over the past 3-5 years, better than expected earnings in recent quarters, a relatively low projected P/E ratio and consistent earnings over the past 5 years.

Earnings Trend

Projected P/E Ratio

Earnings Consistency

5 Year Revenue and Earnings Growth

Revenue(M) Rev % Growth EPS EPS % Growth

EPS Estimates

06/06

06/07

06/08

06/09

06/10

1,271.81

1,486.52

1,760.06

1,676.03

2,387.83

-

16.88%

18.40%

-4.77%

42.47%

$2.11

$2.74

$3.65

$3.43

$2.04

-

29.86%

33.21%

-6.03%

-40.52%

EPS Surprise

Factor

Actual EPS Prev

EST EPS Current

Change

$0.45

$0.96

+0.51

Quarterly EPS Yearly EPS Factor

$2.04

$4.64

+2.60

Actual EPS Growth

Est EPS Growth

Change

18.24%

12.00%

-6.24

3-5 year EPS

EPS Quarterly Results Estimate

Actual

Difference

% Difference

FY

Qtr 1

Qtr 2

Qtr 3

Qtr 4

Total

Latest Qtr

$0.94

$1.26

$0.32

1 Qtr Ago

$0.84

$0.91

$0.07

34.04

06/08

$0.82

$0.93

$0.95

$0.73

$3.43

8.33

06/09

$0.70

$0.57

$0.12

$0.77

$2.16

2 Qtr Ago

$0.90

$0.71

3 Qtr Ago

$0.80

$0.69

$-0.19

-21.11

06/10

$0.45

$0.65

$0.94

-

$2.04

$-0.11

-13.75

Fiscal Year End Month is June.

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Price Trend & Expert Opinions Price/Volume Activity

Price/Volume Activity Rating

Bullish

Relative Strength vs Market

Chaikin Money Flow

Price and volume activity for TW is bullish. TW is experiencing sustained buying and has outperformed the S&P 500 over 26 weeks.

Price Trend

The rank for TW is based on its price strength versus the market, positive Chaikin money flow, a positive Chaikin price trend and a negative Chaikin price trend ROC.

Price Trend ROC

Volume Trend

Relative Strength vs S&P500 Index

Chaikin Money Flow

Chart shows whether TW is performing better or worse than the market.

Chaikin Money Flow analyzes supply and demand for a company's stock.

Price Activity

Price Activity

Factor

Value

Factor

52 Week High

66.38

52 Week Low

41.13

% Change YTD Rel S&P 500

13.24%

Expert Opinions

Volume Activity Value

Factor

Value

% Change Price - 4 Weeks

0.21%

Average Volume 20 Days

275,667

% Change Price - 24 Weeks

11.16%

Average Volume 90 Days

327,438

% Change Price - 4 Wks Rel to S&P

-4.57%

Chaikin Money Flow Persistency

% Change Price - 24 Wks Rel to S&P

9.40%

83%

Expert Opinions

Very Bullish

Earnings Estimate Revisions

Expert opinions about TW are very positive. Analysts are raising their EPS estimates for TW and shorting of TW is low.

Short Interest

Insider Activity

The rank for TW is based on analysts revising earnings estimates upward, a low short interest ratio, insiders not purchasing significant amounts of stock, optimistic analyst opinions and price strength of the stock versus the Business Service industry group.

Analyst Opinions

Relative Strength vs Industry

Earnings Estimate Revisions Current Current Qtr Next Qtr

0.90 0.96 Current

Current FY

3.77

Analyst Recommendations

7 Days Ago % Change 0.90 0.96

0.00% 0.00%

30 Days Ago % Change 3.77

0.00

Factor Mean this Week Mean Last Week

EPS Estimates Revision Summary Value

Buy 0.00

Mean 5 Weeks Ago

Buy

Last 4 Weeks

Down

Up

Down

Curr Qtr

0

0

0

0

Curr Yr

0

0

0

0

Next Qtr

0

0

0

0

Next Yr

0

0

0

0

Buy

Change

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Last Week Up

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The Company & Its Competitors

News Headlines for TW

TW's Competitors in Business Service Company

Power Gauge

Historic EPS growth

Projected EPS growth

Profit Margin

PEG

PE

Revenue(M)

TW

18.24%

12.00%

6.61%

1.14

17.69

-

ACN

6.70%

13.25%

8.12%

1.37

19.47

23,094

CBZ

5.61%

12.50%

3.61%

1.00

12.63

733

FCN

22.03%

16.25%

5.63%

0.98

17.80

1,401

NCI

4.68%

13.50%

3.67%

1.14

17.55

704

STN

23.80%

12.00%

7.33%

1.10

14.05

1,190

5.82%

20.67%

8.02%

1.28

32.64

1,288

-19.80%

8.50%

-4.62%

1.79

13.24

1,623

IT CLGX

Towers Watson Launches Executive Compensation Blog - Jul 18, 2011 Towers Watson Introduces Updated Version of MoSes Financial Modeling Solutions for U.S. Life Insurers - May 11, 2011 Towers Watson Launches New iPad Application - Mar 23, 2011 Managers Critical to Successful M&A, but Underleveraged, Towers Watson Study Finds Feb 8, 2011 Towers Watson Completes Acquisition of EMB Feb 1, 2011

Company Details

Company Profile

TOWERS WATSON 901 N. GLEBE ROAD ARLINGTON, VA 22203 USA Phone: (703) 258-8000 Fax: 703-258-8585 Website: http://http://www.watsonwyatt.com/ Full Time Employees: 7,700 Sector: Business Services

Towers Watson & Co. is a global professional services company that helps organizations improve performance through effective people, risk and financial management. It offers solutions in the areas of employee benefits, talent management, rewards, and risk and capital management. The Company's benefits solutions cover health and group benefits, mergers and acquisitions, retirement, and technology and administration. Its risk and financial services solutions include financial modeling software, investment, reinsurance, insurance consulting, mergers and acquisitions, and risk management. Its talent and rewards solutions cover communication and change, employee surveys, HR function effectiveness, rewards, talent management, data services, executive compensation, mergers and acquisitions, and sales effectiveness and compensation. Towers Watson & Co. was formerly known as Watson Wyatt Worldwide, Inc. and is headquartered in New York.

Power Gauge Ratings are created using a relative ranking system that assigns a rank of 0 to 100 (100 being the highest) to each stock in the universe. Rank is calculated by evaluating each of the stocks factors and combining them into a single number using a weighting formula. A stock's rank ranges from 100-0, where 100 is the strongest, and a rank of 95 indicates the stock is better than 95% of the stocks in the universe. Chaikin Stock Research(CSR) is not registered as a securities broker dealer or investment advisor with either the U.S. Securities and Exchange Commission or with any state securities regulatory authority. CSR is not responsible for trades executed by users of this research report, our web site or mobile app based on the information included herein. The information presented in this report does not represent a recommendation to buy or sell stocks or any financial instrument nor is it intended as an endorsement of any security or investment. The information in this report is generic by nature and is not personalized to the specific financial situation of any individual. The user bears complete responsibility for their own investment research and should seek the advice of a qualified investment professional before making any investment decisions. Copyright (c) 1978-(Present) by ZACKS Investment Research, Inc ("ZACKS"). The information, data, analyses and opinions contained herein (1) includes the confidential and proprietary information of ZACKS, (2) may not be copied or redistributed, for any purpose, (3) does not constitute investment advice offered by ZACKS, (4) are provided solely for informational purposes, and (5) are not warranted or represented to be correct, complete, accurate or timely. ZACKS shall not be responsible for investment decisions, damages or other losses resulting from, or related to, use of this information, data, analyses or opinions. Past performance is no guarantee of future performance. ZACKS is not affiliated with Chaikin Power Tools. This report from Chaikin Power Tools is for informational purposes only and is not a recommendation to buy or sell securities.

LM 2.3 DS 3.0 LS 2.1

Data Provided by ZACKS Investment Research, Inc., www.zacks.com

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