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The company has a decent earnings surprise history, having surpassed the Zacks Consensus Estimate in all the four trailing quarters, with an average surprise of 8.2%.
The consensus estimate for the bottom line is pegged at 31 cents, which has been revised downward 8.8% in the past 30 days.
Interpublic Group of Companies, Inc. (The) Price and EPS Surprise
The Zacks Consensus Estimate for the top line is currently pegged at $2.2 billion, down 1.4% from the year-ago actual figure. The decline is likely to have been due to headwinds like the global economic slowdown and the adverse geopolitical environment. Our estimate indicates revenues declining slightly from the year-ago reported figure.
The company is likely to have faced increasing costs along with global economic pressure during the quarter, which may have weighed on the bottom line. The current Zacks Consensus Estimate for earnings indicates a 34% decline from the year-ago reported figure. Our estimate indicates earnings to decline 33.3% year over year.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for IPG 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 before they’re reported with our Earnings ESP Filter.
Interpublic Group has an Earnings ESP of -1.06% and a Zacks Rank of 3.
Stocks to Consider
Here are a few stocks from the broader Business Services sector, which according to our model, have the right combination of elements to beat on earnings this season.
It is scheduled to report its first-quarter 2023 results on Apr 26, after the market close. The Zacks Consensus Estimate for earnings is pegged at $1.27 per share, down 1.6% from the year-ago figure. The consensus mark for revenues is pegged at $4.84 billion, up 3.9% from the prior-year figure. WM had an average surprise of 4.7% in the previous four quarters.
Charles River Associates (CRAI - Free Report) currently has an Earnings ESP of +4.44% and a Zacks Rank of 3. It is scheduled to report its first-quarter 2023 results on May 4, after the market close.
The ZacksConsensus Estimate for the bottom line is pegged at $1.35 per share, down 11.8% from the year-ago figure. The consensus mark for revenues is pegged at $152.6 million, up 2.8% from the figure reported a year ago. CRAI had an average surprise of 19.8% in the previous four quarters.
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Here's What to Expect From Interpublic Group's (IPG) Q1 Earnings
Interpublic Group, Inc. (IPG - Free Report) is scheduled to release its first-quarter 2023 results on Apr 27, before the market open.
The company has a decent earnings surprise history, having surpassed the Zacks Consensus Estimate in all the four trailing quarters, with an average surprise of 8.2%.
The consensus estimate for the bottom line is pegged at 31 cents, which has been revised downward 8.8% in the past 30 days.
Interpublic Group of Companies, Inc. (The) Price and EPS Surprise
Interpublic Group of Companies, Inc. (The) price-eps-surprise | Interpublic Group of Companies, Inc. (The) Quote
Q1 Expectations
The Zacks Consensus Estimate for the top line is currently pegged at $2.2 billion, down 1.4% from the year-ago actual figure. The decline is likely to have been due to headwinds like the global economic slowdown and the adverse geopolitical environment. Our estimate indicates revenues declining slightly from the year-ago reported figure.
The company is likely to have faced increasing costs along with global economic pressure during the quarter, which may have weighed on the bottom line. The current Zacks Consensus Estimate for earnings indicates a 34% decline from the year-ago reported figure. Our estimate indicates earnings to decline 33.3% year over year.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for IPG 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 before they’re reported with our Earnings ESP Filter.
Interpublic Group has an Earnings ESP of -1.06% and a Zacks Rank of 3.
Stocks to Consider
Here are a few stocks from the broader Business Services sector, which according to our model, have the right combination of elements to beat on earnings this season.
Waste Management (WM - Free Report) currently has an Earnings ESP of +0.79% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
It is scheduled to report its first-quarter 2023 results on Apr 26, after the market close. The Zacks Consensus Estimate for earnings is pegged at $1.27 per share, down 1.6% from the year-ago figure. The consensus mark for revenues is pegged at $4.84 billion, up 3.9% from the prior-year figure. WM had an average surprise of 4.7% in the previous four quarters.
Charles River Associates (CRAI - Free Report) currently has an Earnings ESP of +4.44% and a Zacks Rank of 3. It is scheduled to report its first-quarter 2023 results on May 4, after the market close.
The ZacksConsensus Estimate for the bottom line is pegged at $1.35 per share, down 11.8% from the year-ago figure. The consensus mark for revenues is pegged at $152.6 million, up 2.8% from the figure reported a year ago. CRAI had an average surprise of 19.8% in the previous four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.