Omnicom Group Inc.’s (OMC - Free Report) upcoming second-quarter 2019 results are likely to reflect year-over-year decline in revenues and flat earnings.
Shares of the company have gained 14.4% year to date, outperforming the 11.4% rally of the industry it belongs to.
Expectations in Detail
The Zacks Consensus Estimate for the company's revenues in the to-be-reported quarter is pegged at $3.7 billion, suggesting a 3.9% decline from the year-ago quarter’s actual figure. The top line is expected to be hurt by a decrease in acquisition revenues, net of disposition revenues, which is likely to be partially offset by higher organic revenue growth.
The Zacks Consensus Estimate pegs organic revenue growth of 2.9% in the to-be-reported quarter. The consensus mark for acquisition revenues suggestes a decline of 3% from the year-ago reported figure.
In first-quarter 2018, revenues of $3.5 billion decreased 4.4% year over year. While acquisition revenues, net of dispositions revenues declined 3.6%, organic revenue growth was 2.5%.
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at $1.6.
What Our Model Suggests?
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or #3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 or #5 (Sell-rated) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Omnicom has an Earnings ESP of 0.00% and a Zacks Rank #3, a combination that makes earnings surprise difficult.
Stocks That Warrant a Look
Here are some stocks that you may want to consider, as our model shows that these have the right combination of elements to deliver a positive earnings surprise:
Avis Budget Group (CAR - Free Report) currently has an Earnings ESP of +15.07% and it sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Green Dot Corporation (GDOT - Free Report) presently carries an Earnings ESP of +7.23% and a Zacks Rank #2.
S&P Global (SPGI - Free Report) has an Earnings ESP of +0.53% and a Zacks Rank #3 at present.
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Omnicom Group Inc.’s (OMC - Free Report) upcoming second-quarter 2019 results are likely to reflect year-over-year decline in revenues and flat earnings.
Shares of the company have gained 14.4% year to date, outperforming the 11.4% rally of the industry it belongs to.
Expectations in Detail
The Zacks Consensus Estimate for the company's revenues in the to-be-reported quarter is pegged at $3.7 billion, suggesting a 3.9% decline from the year-ago quarter’s actual figure. The top line is expected to be hurt by a decrease in acquisition revenues, net of disposition revenues, which is likely to be partially offset by higher organic revenue growth.
The Zacks Consensus Estimate pegs organic revenue growth of 2.9% in the to-be-reported quarter. The consensus mark for acquisition revenues suggestes a decline of 3% from the year-ago reported figure.
In first-quarter 2018, revenues of $3.5 billion decreased 4.4% year over year. While acquisition revenues, net of dispositions revenues declined 3.6%, organic revenue growth was 2.5%.
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at $1.6.
What Our Model Suggests?
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or #3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 or #5 (Sell-rated) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Omnicom has an Earnings ESP of 0.00% and a Zacks Rank #3, a combination that makes earnings surprise difficult.
Stocks That Warrant a Look
Here are some stocks that you may want to consider, as our model shows that these have the right combination of elements to deliver a positive earnings surprise:
Avis Budget Group (CAR - Free Report) currently has an Earnings ESP of +15.07% and it sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Green Dot Corporation (GDOT - Free Report) presently carries an Earnings ESP of +7.23% and a Zacks Rank #2.
S&P Global (SPGI - Free Report) has an Earnings ESP of +0.53% and a Zacks Rank #3 at present.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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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