The Interpublic Group of Companies, Inc. (IPG - Free Report) reported second-quarter 2018 earnings per share of 43 cents (on an adjusted basis) which met the Zacks Consensus Estimate. Earnings also increased 43.3% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Interpublic depicted an optimistic picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter 2018 earnings increase 2.4% over the last 60 days.
However, the company has a disappointing earnings history having underperformed the Zacks Consensus Estimate in three of the last four quarters with an average miss of 12.3%.
Revenues Higher Than Expected
Interpublic recorded total revenues of $2,391.8 million which outperformed the Zacks Consensus Estimate of $1,905.4 million. Moreover, revenues compared favorably with the year-ago figure of $2,185.8 million.
Key Stats to Note: Interpublic reported organic net revenue growth of 5.6% in second-quarter 2018. The company experienced an organic growth of 4.6% in the United States and 7.2% in the international markets.
Zacks Rank: Currently, Interpublic has a Zacks Rank #3 (Hold) 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!
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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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The Interpublic Group of Companies, Inc. (IPG - Free Report) reported second-quarter 2018 earnings per share of 43 cents (on an adjusted basis) which met the Zacks Consensus Estimate. Earnings also increased 43.3% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Interpublic depicted an optimistic picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter 2018 earnings increase 2.4% over the last 60 days.
However, the company has a disappointing earnings history having underperformed the Zacks Consensus Estimate in three of the last four quarters with an average miss of 12.3%.
Revenues Higher Than Expected
Interpublic recorded total revenues of $2,391.8 million which outperformed the Zacks Consensus Estimate of $1,905.4 million. Moreover, revenues compared favorably with the year-ago figure of $2,185.8 million.
Key Stats to Note: Interpublic reported organic net revenue growth of 5.6% in second-quarter 2018. The company experienced an organic growth of 4.6% in the United States and 7.2% in the international markets.
Zacks Rank: Currently, Interpublic has a Zacks Rank #3 (Hold) 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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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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