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.
Compared to Estimates, Omnicom (OMC) Q1 Earnings: A Look at Key Metrics
Read MoreHide Full Article
Omnicom (OMC - Free Report) reported $3.63 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.4%. EPS of $1.67 for the same period compares to $1.56 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.58 billion, representing a surprise of +1.55%. The company delivered an EPS surprise of +9.87%, with the consensus EPS estimate being $1.52.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Omnicom performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Organic Revenue Growth: 4% compared to the 3.2% average estimate based on three analysts.
Organic Revenue Growth - Healthcare: 2.1% versus the two-analyst average estimate of 3.4%.
Organic Revenue Growth - Commerce & Branding: -3.8% compared to the 1.3% average estimate based on two analysts.
Organic Revenue Growth - Experiential: 9.5% compared to the 3.6% average estimate based on two analysts.
Revenue by Geography- Asia Pacific: $407.70 million compared to the $416.04 million average estimate based on two analysts. The reported number represents a change of +0.5% year over year.
Revenue by Geography- North America: $2.04 billion versus the two-analyst average estimate of $1.96 billion. The reported number represents a year-over-year change of +5.9%.
Revenue by Geography- Middle East and Africa: $79.60 million compared to the $80.03 million average estimate based on two analysts. The reported number represents a change of -6.2% year over year.
Revenue by Geography- Europe: $1.01 billion versus $987.24 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.7% change.
Revenue- Advertising & Media: $1.91 billion versus the three-analyst average estimate of $1.89 billion. The reported number represents a year-over-year change of +7.3%.
Revenue- Execution & Support: $211.50 million compared to the $252.99 million average estimate based on two analysts. The reported number represents a change of -17.2% year over year.
Revenue- Healthcare: $323.60 million compared to the $311.61 million average estimate based on two analysts. The reported number represents a change of +1.6% year over year.
Revenue- Public Relations: $390.30 million compared to the $378.31 million average estimate based on two analysts. The reported number represents a change of +3.9% year over year.
Shares of Omnicom have returned -2.4% over the past month versus the Zacks S&P 500 composite's -0.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Omnicom (OMC) Q1 Earnings: A Look at Key Metrics
Omnicom (OMC - Free Report) reported $3.63 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.4%. EPS of $1.67 for the same period compares to $1.56 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.58 billion, representing a surprise of +1.55%. The company delivered an EPS surprise of +9.87%, with the consensus EPS estimate being $1.52.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Omnicom performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Organic Revenue Growth: 4% compared to the 3.2% average estimate based on three analysts.
- Organic Revenue Growth - Healthcare: 2.1% versus the two-analyst average estimate of 3.4%.
- Organic Revenue Growth - Commerce & Branding: -3.8% compared to the 1.3% average estimate based on two analysts.
- Organic Revenue Growth - Experiential: 9.5% compared to the 3.6% average estimate based on two analysts.
- Revenue by Geography- Asia Pacific: $407.70 million compared to the $416.04 million average estimate based on two analysts. The reported number represents a change of +0.5% year over year.
- Revenue by Geography- North America: $2.04 billion versus the two-analyst average estimate of $1.96 billion. The reported number represents a year-over-year change of +5.9%.
- Revenue by Geography- Middle East and Africa: $79.60 million compared to the $80.03 million average estimate based on two analysts. The reported number represents a change of -6.2% year over year.
- Revenue by Geography- Europe: $1.01 billion versus $987.24 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.7% change.
- Revenue- Advertising & Media: $1.91 billion versus the three-analyst average estimate of $1.89 billion. The reported number represents a year-over-year change of +7.3%.
- Revenue- Execution & Support: $211.50 million compared to the $252.99 million average estimate based on two analysts. The reported number represents a change of -17.2% year over year.
- Revenue- Healthcare: $323.60 million compared to the $311.61 million average estimate based on two analysts. The reported number represents a change of +1.6% year over year.
- Revenue- Public Relations: $390.30 million compared to the $378.31 million average estimate based on two analysts. The reported number represents a change of +3.9% year over year.
View all Key Company Metrics for Omnicom here>>>Shares of Omnicom have returned -2.4% over the past month versus the Zacks S&P 500 composite's -0.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.