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Omnicom (OMC) Strengthens Foothold in China with Key Hire
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Porter Novelli, a business unit of Omnicom Group Inc. (OMC - Free Report) , recently announced the appointment of Albert Chan as managing director of Porter Novelli Greater China. Per the appointment, Chan will be responsible for talent management and the strategic growth of the agency's Greater China operations. He will be directly reporting to the company’s president of the Asia Pacific Region, Angie Schneider.
Porter Novelli is a public relations agency built on the heritage of marketing for social good. The company has been operating for over 40 years, working to change the ingrained behaviors based in social and cultural norms.
Chan has over 18 year of experience in the marketing and communications domain across Hong Kong, mainland China and Taiwan. Prior to accepting this role, he worked for eight years as the senior vice president at Ogilvy in China and head of the WPP plc’s Team Dell of Greater China region. Chan’s expertise and goodwill will help the company enhance its presence in Asia. His in depth knowledge in the field will help the company gain clients and improve its services toward its customers.
Parent company Omnicom outperformed the Zacks categorized Advertising and Marketing industry in the last three months with an average return of 3.1% compared with 1% for the latter. Its current-year estimates have moved up from $4.74 per share to $4.76, over the same time span.
The appointment of Chan is likely to enhance the company’s business in China. The company reported an increase of 8.3% in revenues from the Asia Pacific Region, in the third-quarter.
We expect the company to witness higher revenues in the imminent future and remain impressed by the focused growth initiatives of this Zacks Rank #4 (Sell) stock. A couple of better-ranked stocks in the same space include NV5 Global, Inc. (NVEE - Free Report) , and Gartner, Inc. (IT - Free Report) , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
NV5 Global has a long-term earnings growth expectation of 20%. It has beaten estimates thrice in the trailing four quarters for an average positive earnings surprise of 6.9%.
Gartner has long-term earnings growth expectation of 17.3%. It has beaten estimates in each of the trailing four quarters with an average positive earnings surprise of 14.5%.
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Omnicom (OMC) Strengthens Foothold in China with Key Hire
Porter Novelli, a business unit of Omnicom Group Inc. (OMC - Free Report) , recently announced the appointment of Albert Chan as managing director of Porter Novelli Greater China. Per the appointment, Chan will be responsible for talent management and the strategic growth of the agency's Greater China operations. He will be directly reporting to the company’s president of the Asia Pacific Region, Angie Schneider.
Porter Novelli is a public relations agency built on the heritage of marketing for social good. The company has been operating for over 40 years, working to change the ingrained behaviors based in social and cultural norms.
Chan has over 18 year of experience in the marketing and communications domain across Hong Kong, mainland China and Taiwan. Prior to accepting this role, he worked for eight years as the senior vice president at Ogilvy in China and head of the WPP plc’s Team Dell of Greater China region. Chan’s expertise and goodwill will help the company enhance its presence in Asia. His in depth knowledge in the field will help the company gain clients and improve its services toward its customers.
Parent company Omnicom outperformed the Zacks categorized Advertising and Marketing industry in the last three months with an average return of 3.1% compared with 1% for the latter. Its current-year estimates have moved up from $4.74 per share to $4.76, over the same time span.
The appointment of Chan is likely to enhance the company’s business in China. The company reported an increase of 8.3% in revenues from the Asia Pacific Region, in the third-quarter.
We expect the company to witness higher revenues in the imminent future and remain impressed by the focused growth initiatives of this Zacks Rank #4 (Sell) stock. A couple of better-ranked stocks in the same space include NV5 Global, Inc. (NVEE - Free Report) , and Gartner, Inc. (IT - Free Report) , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
NV5 Global has a long-term earnings growth expectation of 20%. It has beaten estimates thrice in the trailing four quarters for an average positive earnings surprise of 6.9%.
Gartner has long-term earnings growth expectation of 17.3%. It has beaten estimates in each of the trailing four quarters with an average positive earnings surprise of 14.5%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>