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, Interpublic (IPG) Q1 Earnings: A Look at Key Metrics
Read MoreHide Full Article
For the quarter ended March 2024, Interpublic Group (IPG - Free Report) reported revenue of $2.18 billion, up 0.3% over the same period last year. EPS came in at $0.36, compared to $0.38 in the year-ago quarter.
The reported revenue represents a surprise of +0.39% over the Zacks Consensus Estimate of $2.17 billion. With the consensus EPS estimate being $0.36, the company has not delivered EPS surprise.
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 Interpublic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue before billable expenses- International: $706.60 million compared to the $698.27 million average estimate based on three analysts. The reported number represents a change of 0% year over year.
Revenue before billable expenses- Domestic (United States): $1.48 billion versus $1.48 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.4% change.
Revenue before billable expenses- International- Asia Pacific: $142.80 million compared to the $164.79 million average estimate based on two analysts. The reported number represents a change of -10.3% year over year.
Revenue before billable expenses- International- Other: $119.20 million versus $96.45 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -7.2% change.
Revenue before billable expenses- International- Continental Europe: $179.50 million compared to the $175.11 million average estimate based on two analysts. The reported number represents a change of +9.7% year over year.
Revenue before billable expenses- International- United Kingdom: $178 million compared to the $174.84 million average estimate based on two analysts. The reported number represents a change of +4.6% year over year.
Revenue before billable expenses- International- Latin America: $87.10 million versus $94.81 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.8% change.
Shares of Interpublic have returned -3.3% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform 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, Interpublic (IPG) Q1 Earnings: A Look at Key Metrics
For the quarter ended March 2024, Interpublic Group (IPG - Free Report) reported revenue of $2.18 billion, up 0.3% over the same period last year. EPS came in at $0.36, compared to $0.38 in the year-ago quarter.
The reported revenue represents a surprise of +0.39% over the Zacks Consensus Estimate of $2.17 billion. With the consensus EPS estimate being $0.36, the company has not delivered EPS surprise.
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 Interpublic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue before billable expenses- International: $706.60 million compared to the $698.27 million average estimate based on three analysts. The reported number represents a change of 0% year over year.
- Revenue before billable expenses- Domestic (United States): $1.48 billion versus $1.48 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.4% change.
- Revenue before billable expenses- International- Asia Pacific: $142.80 million compared to the $164.79 million average estimate based on two analysts. The reported number represents a change of -10.3% year over year.
- Revenue before billable expenses- International- Other: $119.20 million versus $96.45 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -7.2% change.
- Revenue before billable expenses- International- Continental Europe: $179.50 million compared to the $175.11 million average estimate based on two analysts. The reported number represents a change of +9.7% year over year.
- Revenue before billable expenses- International- United Kingdom: $178 million compared to the $174.84 million average estimate based on two analysts. The reported number represents a change of +4.6% year over year.
- Revenue before billable expenses- International- Latin America: $87.10 million versus $94.81 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.8% change.
View all Key Company Metrics for Interpublic here>>>Shares of Interpublic have returned -3.3% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.