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Omnicom Group Inc. (OMC) - $25 value - yours FREE >>
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Omnicom Group Inc. (OMC) - $25 value - yours FREE >>
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Omnicom (OMC) to Post Q3 Earnings: What's in the Cards?
Omnicom Group Inc. (OMC - Free Report) is scheduled to report its third-quarter 2022 results on Oct 18, after the bell.
The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in all of the trailing four quarters, delivering an earnings surprise of 12.5%, on average.
Q3 Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $3.34 billion, indicating a 2.6% decline from the year-ago quarter’s reported figure. The top line is expected to predominantly reflect the impact of the decrease in acquisition revenues, net of disposition revenues.
The Zacks Consensus Estimate for earnings is pegged at $1.64 per share, implying a marginal year-over-year decline. Weak operating performance is likely to have negatively impacted the bottom line in the quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Omnicom 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. But that’s not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Omnicom has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Omnicom Group Inc. Price and EPS Surprise
Omnicom Group Inc. price-eps-surprise | Omnicom Group Inc. Quote
Stocks That Warrant a Look
Here are a couple of 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 post an earnings beat in the to-be-reported quarter:
Gartner, Inc. (IT - Free Report) has an Earnings ESP of +2.15% and carries a Zacks Rank #3.
Gartnerhas an expected revenue growth rate of 13.7% and 10.3% for the current year and the next year, respectively. It has a trailing four-quarter earnings surprise of 25.3%, on average.
Riot Blockchain (RIOT - Free Report) has an Earnings ESP of +125.5% and carries a Zacks Rank #3.
Riothas an expected revenue growth rate of 41.2% for the current year and 69.1% for the next year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.