The market's choppy/consolidating pattern continues, suggesting the need for an additional defensive play or two (or perhaps more). And in this category Hewitt Associates is worth a review.
Hewitt Associates, Inc. (NYSE: HEW) provides a variety of human resource-related services including payroll, organizational change management, talent consulting, reward consulting, and benefits outsourcing (medical, 301K, pensions).
Analysts expect 2008 revenue growth of 4-7% with strong gains in consulting. Benefits administration revenue should advance 3-5%. Margins are adequate. The Reuters FY 2007/FY 2008 EPS consensus estimates for HEW are $1.75 to $2.12.
Hewitt Associates, Inc. (NYSE: HEW) provides a variety of human resource-related services including payroll, organizational change management, talent consulting, reward consulting, and benefits outsourcing (medical, 301K, pensions).
Analysts expect 2008 revenue growth of 4-7% with strong gains in consulting. Benefits administration revenue should advance 3-5%. Margins are adequate. The Reuters FY 2007/FY 2008 EPS consensus estimates for HEW are $1.75 to $2.12.
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