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Interpublic (IPG) to Report Q2 Earnings: What's in the Offing?

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The Interpublic Group of Companies, Inc. (IPG - Free Report) is scheduled to report second-quarter 2022 results on Jul 21, before the opening bell.

Let's check out how things have shaped up for the announcement.

What to Expect This Time Around

Favorable impacts of organic net revenues and foreign currency movements are likely to have aided Interpublic’s second-quarter 2022 revenues. The Zacks Consensus Estimate for the metric is pegged at $2.3 billion, indicating an increase of 1.5% from the year-ago quarter’s reported figure.

Rise in operating expenses is likely to have weighed on IPG’s bottom line. The Zacks Consensus Estimate for Interpublic’s earnings is pegged at 58 cents, indicating a decline of 17% from the year-ago period’s reported figure.

What Our Model Says

Our proven model does not conclusively predict an earnings beat for Interpublic this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.

Interpublic has an Earnings ESP of -0.87% and a Zacks Rank #4 (Sell).

Stocks to Consider

Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on second-quarter 2022 earnings:

Automatic Data Processing, (ADP - Free Report) has an Earnings ESP of +2.86% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

ADP has an expected earnings growth rate of 16% for the current year. Automatic Data has a trailing four-quarter earnings surprise of 6.2%, on average.

Booz Allen Hamilton Holding Corporation (BAH - Free Report) has an Earnings ESP of +4.41% and a Zacks Rank of 3.

Booz Allen has an expected earnings growth rate of 3.3% for the current year. BAH has a trailing four-quarter earnings surprise of 9.5%, on average.

Cross Country Healthcare (CCRN - Free Report) has an Earnings ESP of +0.59% and is Zacks #3 Ranked.

Cross Country Healthcare has an expected earnings growth rate of 56% for the current year. CCRN delivered a trailing four-quarter earnings surprise of 29.2%, on average.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

 

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