Omnicom Group Inc. (OMC - Free Report) reported solid fourth-quarter 2019 results wherein the company’s earnings and revenues surpassed the Zacks Consensus Estimate.
Adjusted earnings of $1.89 per share beat the consensus mark by 1% and increased 6.8% on a year-over-year basis.
Total revenues of $4.1 billion beat the consensus estimate by 1.5% and increased 1.3% year over year on a reported basis. The year-over-year increase was driven by organic revenue growth of 3.5%, partially offset by negative foreign exchange rate impact of 0.9% and a decline in acquisition revenues, net of disposition revenues of 1.2%.
Shares of Omnicom have gained 7.8% over the past year, compared with the 2.1% rise of the industry it belongs to.
Other Quarterly Details
Across fundamental disciplines, advertising increased 5.1%, CRM Consumer Experience was up 3.3%, CRM Execution & Support declined 6%, Public Relations declined 2.5% and Healthcare increased 12.9%, organically, year over year.
Across regional markets, year-over-year organic growth was 2.8% in the United States, 3.3% in the United Kingdom, 4.7% in the Euro Markets and Other Europe, 4.5% in Asia Pacific and 19.5% in Middle East and Africa. Other North America and Latin America were down 2.3% and 1.3%, respectively.
Operating profit in the quarter came in at $646.4 million, up 3.1% year over year. Operating margin increased to 15.6% from 15.3% in the year-ago quarter.
Zacks Rank & Stocks to Consider
Omnicom currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Investors interested in the broader Zacks Business Services sector are awaiting fourth-quarter 2019 earnings of key players like Delphi , Waste Management (WM - Free Report) and Republic Services (RSG - Free Report) , each scheduled to release results on Feb 13.
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Omnicom Group Inc. (OMC - Free Report) reported solid fourth-quarter 2019 results wherein the company’s earnings and revenues surpassed the Zacks Consensus Estimate.
Adjusted earnings of $1.89 per share beat the consensus mark by 1% and increased 6.8% on a year-over-year basis.
Total revenues of $4.1 billion beat the consensus estimate by 1.5% and increased 1.3% year over year on a reported basis. The year-over-year increase was driven by organic revenue growth of 3.5%, partially offset by negative foreign exchange rate impact of 0.9% and a decline in acquisition revenues, net of disposition revenues of 1.2%.
Shares of Omnicom have gained 7.8% over the past year, compared with the 2.1% rise of the industry it belongs to.
Other Quarterly Details
Across fundamental disciplines, advertising increased 5.1%, CRM Consumer Experience was up 3.3%, CRM Execution & Support declined 6%, Public Relations declined 2.5% and Healthcare increased 12.9%, organically, year over year.
Across regional markets, year-over-year organic growth was 2.8% in the United States, 3.3% in the United Kingdom, 4.7% in the Euro Markets and Other Europe, 4.5% in Asia Pacific and 19.5% in Middle East and Africa. Other North America and Latin America were down 2.3% and 1.3%, respectively.
Operating profit in the quarter came in at $646.4 million, up 3.1% year over year. Operating margin increased to 15.6% from 15.3% in the year-ago quarter.
Zacks Rank & Stocks to Consider
Omnicom currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Investors interested in the broader Zacks Business Services sector are awaiting fourth-quarter 2019 earnings of key players like Delphi , Waste Management (WM - Free Report) and Republic Services (RSG - Free Report) , each scheduled to release results on Feb 13.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>
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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