The Interpublic Group of Companies, Inc. (IPG Quick QuoteIPG - Free Report) reported first-quarter 2018 earnings per share of 3 cents (excluding 7 cents from non-recurring items), which lagged the Zacks Consensus Estimate by 1 cent.

How Was the Estimate Revision Trend?

Investors should note that the Zacks Consensus Estimate for Interpublic’s first-quarter 2018 earnings remained stable at 4 cents per share over the last 60 days.

The company also has a decent earnings history having outperformed the Zacks Consensus Estimate in two of the last four quarters with an average beat of 31.5%.

Revenues Lower Than Expected

Interpublic recorded adjusted revenues of $1,774 million which underperformed the Zacks Consensus Estimate of $1,793.1 million.

Key Stats to Note: Interpublic reported organic net revenue growth of 3.6% in first-quarter 2018. The company experienced an organic growth of 4.3% in the United States and 2.6% in the international markets.

Zacks Rank: Currently, Interpublic has a Zacks Rank #2 (Buy) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 

Check back later for our full write up on this Interpublic earnings report later!

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>