We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Omnicom (OMC) Surpasses Q3 Earnings and Revenue Estimates
Read MoreHide Full Article
Omnicom Group Inc. (OMC - Free Report) reported solid third-quarter 2020 results, wherein the company’s earnings and revenues surpassed the Zacks Consensus Estimate.
Adjusted earnings of $1.21 per share beat the consensus mark by 8%. Total revenues of $3.2 billion surpassed the consensus estimate by 2.3% but decreased 11.5% year over year on a reported basis. This year-over-year decrease occurred due to a decline in acquisition revenues, net of disposition revenues of 0.3% and a decrease in revenues due to negative organic growth of 11.7%.
Notably, the company’s shares have depreciated 39.7% year to date compared with the 37.2% decline of the industry it belongs to.
Other Quarterly Details
Across fundamental disciplines, advertising edged down 11.7%, CRM Consumer Experience was down 19.3%, CRM Execution & Support declined 19.4%, Public Relations inched down 3.4%, and Healthcare increased 3.8%, organically, year over year.
Across regional markets, year-over-year decline was 11.4% in the United States, 12.5% in the United Kingdom, 12.8% in the Asia Pacific and 7.6% in the Other North America. The Euro Markets & Other Europe, Latin America, and Middle East and Africa were down 9.6%, 22.3% and 21.4%, respectively.
Operating profit in the quarter came in at $501.4 million, up 5.9% year over year. Operating margin increased to 15.6% from the year-ago quarter’s 13.1%.
Equifax Inc. (EFX - Free Report) reported third-quarter 2020 adjusted earnings of $1.87 per share that beat the Zacks Consensus Estimate by 16.2% and improved 26.4% on a year-over-year basis. Revenues of $1.07 billion outpaced the consensus estimate by 5.9% and improved 22% year over year.
ManpowerGroup Inc. (MAN - Free Report) reported third-quarter 2020 earnings of $1.12 per share, beating the consensus mark by 90.5% but declining more than 37.5% year over year. Revenues of $4.58 billion surpassed the consensus mark by 8.7% but declined 12.7% year over year.
IHS Markit Ltd. recorded third-quarter fiscal 2020 adjusted earnings per share of 77 cents that surpassed the consensus estimate by 11.6% and increased 15% on a year-over-year basis. Total revenues came in at $1.07 billion, marginally surpassing the consensus mark but declining 4% from the year-ago quarter.
Zacks’ 2020 Election Stock Report:
In addition to the companies you learned about above, we invite you to learn more about profiting from the upcoming presidential election. Trillions of dollars will shift into new market sectors after the votes are tallied, and investors could see significant gains. This report reveals specific stocks that could soar: 6 if Trump wins, 6 if Biden wins.
Image: Shutterstock
Omnicom (OMC) Surpasses Q3 Earnings and Revenue Estimates
Omnicom Group Inc. (OMC - Free Report) reported solid third-quarter 2020 results, wherein the company’s earnings and revenues surpassed the Zacks Consensus Estimate.
Adjusted earnings of $1.21 per share beat the consensus mark by 8%. Total revenues of $3.2 billion surpassed the consensus estimate by 2.3% but decreased 11.5% year over year on a reported basis. This year-over-year decrease occurred due to a decline in acquisition revenues, net of disposition revenues of 0.3% and a decrease in revenues due to negative organic growth of 11.7%.
Notably, the company’s shares have depreciated 39.7% year to date compared with the 37.2% decline of the industry it belongs to.
Other Quarterly Details
Across fundamental disciplines, advertising edged down 11.7%, CRM Consumer Experience was down 19.3%, CRM Execution & Support declined 19.4%, Public Relations inched down 3.4%, and Healthcare increased 3.8%, organically, year over year.
Across regional markets, year-over-year decline was 11.4% in the United States, 12.5% in the United Kingdom, 12.8% in the Asia Pacific and 7.6% in the Other North America. The Euro Markets & Other Europe, Latin America, and Middle East and Africa were down 9.6%, 22.3% and 21.4%, respectively.
Operating profit in the quarter came in at $501.4 million, up 5.9% year over year. Operating margin increased to 15.6% from the year-ago quarter’s 13.1%.
Omnicom currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Business Services Companies
Equifax Inc. (EFX - Free Report) reported third-quarter 2020 adjusted earnings of $1.87 per share that beat the Zacks Consensus Estimate by 16.2% and improved 26.4% on a year-over-year basis. Revenues of $1.07 billion outpaced the consensus estimate by 5.9% and improved 22% year over year.
ManpowerGroup Inc. (MAN - Free Report) reported third-quarter 2020 earnings of $1.12 per share, beating the consensus mark by 90.5% but declining more than 37.5% year over year. Revenues of $4.58 billion surpassed the consensus mark by 8.7% but declined 12.7% year over year.
IHS Markit Ltd. recorded third-quarter fiscal 2020 adjusted earnings per share of 77 cents that surpassed the consensus estimate by 11.6% and increased 15% on a year-over-year basis. Total revenues came in at $1.07 billion, marginally surpassing the consensus mark but declining 4% from the year-ago quarter.
Zacks’ 2020 Election Stock Report:
In addition to the companies you learned about above, we invite you to learn more about profiting from the upcoming presidential election. Trillions of dollars will shift into new market sectors after the votes are tallied, and investors could see significant gains. This report reveals specific stocks that could soar: 6 if Trump wins, 6 if Biden wins.
Check out the 2020 Election Stock Report >>