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Omnicom (OMC) Q4 Earnings and Revenues Beat Estimates
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Omnicom (OMC - Free Report) reported fourth-quarter 2020 earnings per share of $1.9 (on an adjusted basis) which beat the Zacks Consensus Estimate by 24 cents. Earnings increased a penny year over year.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Omnicom’s fourth-quarter 2020 earnings increased 1.8% over the past 30 days.
The company has an impressive earnings history having outperformed the Zacks Consensus Estimate in all of the last four quarters with an average beat of 6.8%.
Omnicom recorded total revenues of $3,757 million which surpassed the Zacks Consensus Estimate of $3,730 million. However, revenues compared unfavorably with the year-ago figure of $4,141 million.
Key Stats to Note: Operating profit in the quarter came in at $614.7 million, down 4.9% year over year. Operating margin increased to 16.4% from the year-ago quarter’s 15.6%.
Check back later for our full write up on this Omnicom earnings report later!
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.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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Omnicom (OMC) Q4 Earnings and Revenues Beat Estimates
Omnicom (OMC - Free Report) reported fourth-quarter 2020 earnings per share of $1.9 (on an adjusted basis) which beat the Zacks Consensus Estimate by 24 cents. Earnings increased a penny year over year.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Omnicom’s fourth-quarter 2020 earnings increased 1.8% over the past 30 days.
The company has an impressive earnings history having outperformed the Zacks Consensus Estimate in all of the last four quarters with an average beat of 6.8%.
Omnicom Group Inc. Price
Omnicom Group Inc. price | Omnicom Group Inc. Quote
Revenues Higher Than Expected
Omnicom recorded total revenues of $3,757 million which surpassed the Zacks Consensus Estimate of $3,730 million. However, revenues compared unfavorably with the year-ago figure of $4,141 million.
Key Stats to Note: Operating profit in the quarter came in at $614.7 million, down 4.9% year over year. Operating margin increased to 16.4% from the year-ago quarter’s 15.6%.
Zacks Rank: Currently, Omnicom 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 Omnicom earnings report later!
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.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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