New York-based Omnicom Group Inc. (OMC - Free Report) is one of the largest advertising, marketing and corporate communications companies in the world. OMC is expanding its global footprint and is moving into new service areas by leveraging its digital and analytical capabilities and partnering with innovative technology firms in key markets.
However, OMC forms an integral part of the communications industry, which is highly competitive in nature and is susceptible to market risks of losing contracts related to media purchases and production costs. With rising operating costs and adverse currency translation effects gradually shrinking margins, investors have been eagerly waiting for the company’s latest earnings report. In the last four trailing quarters, OMC has reported a positive average earnings surprise of 2.31%, beating estimates on all occasions.
Currently, OMC has a Zacks Rank #3 (Hold), but that could definitely change following the first-quarter 2017 earnings report, which was just released. We have highlighted some of the key stats from this just-released announcement below:
Earnings: OMC beats on earnings. The Zacks Consensus Estimate called for EPS of 96 cents, and the company reported adjusted EPS of 97 cents.
Revenues: Revenues exceeded estimates. OMC posted total revenue of $3,587.4 million, compared with Zacks Consensus Estimate of $3,564 million.
Key Stats to Note: OMC reported healthy organic growth. For the twelve months ended Mar 31, 2017, return on invested capital (ROIC) and return on equity (ROE) aggregated 21.8% and 52.0%, respectively.
Stock Price: Shares did not show any change in the pre-market trading following the release at the time of this write-up.
Check back our full write up on this OMC earnings report later!
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Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks "Strong Sells" absolutely free >>.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
New York-based Omnicom Group Inc. (OMC - Free Report) is one of the largest advertising, marketing and corporate communications companies in the world. OMC is expanding its global footprint and is moving into new service areas by leveraging its digital and analytical capabilities and partnering with innovative technology firms in key markets.
However, OMC forms an integral part of the communications industry, which is highly competitive in nature and is susceptible to market risks of losing contracts related to media purchases and production costs. With rising operating costs and adverse currency translation effects gradually shrinking margins, investors have been eagerly waiting for the company’s latest earnings report. In the last four trailing quarters, OMC has reported a positive average earnings surprise of 2.31%, beating estimates on all occasions.
Currently, OMC has a Zacks Rank #3 (Hold), but that could definitely change following the first-quarter 2017 earnings report, which was just released. We have highlighted some of the key stats from this just-released announcement below:
Earnings: OMC beats on earnings. The Zacks Consensus Estimate called for EPS of 96 cents, and the company reported adjusted EPS of 97 cents.
Revenues: Revenues exceeded estimates. OMC posted total revenue of $3,587.4 million, compared with Zacks Consensus Estimate of $3,564 million.
Key Stats to Note: OMC reported healthy organic growth. For the twelve months ended Mar 31, 2017, return on invested capital (ROIC) and return on equity (ROE) aggregated 21.8% and 52.0%, respectively.
Stock Price: Shares did not show any change in the pre-market trading following the release at the time of this write-up.
Check back our full write up on this OMC earnings report later!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks "Strong Sells" absolutely free >>.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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