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Omnicom (OMC) Beats on Both Q2 Earnings & Revenues
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New York-based Omnicom Group Inc. (OMC - Free Report) is one of the largest advertising, marketing and corporate communications companies in the world. OMC is expanding its global footprint and is moving into new service areas by leveraging its digital and analytical capabilities and partnering with innovative technology firms in key markets.
However, OMC forms an integral part of the communications industry, which is highly competitive in nature and is susceptible to market risks of losing contracts related to media purchases and production costs. With rising operating costs and adverse currency translation effects gradually shrinking margins, investors have been eagerly waiting for the company’s latest earnings report. In the last four trailing quarters, OMC has reported a positive average earnings surprise of 1.71%, beating estimates on all occasions.
Currently, OMC has a Zacks Rank #3 (Hold), but that could definitely change following the second-quarter 2017 earnings report, which was just released. We have highlighted some of the key stats from this just-released announcement below:
Earnings: OMC beats on earnings. The Zacks Consensus Estimate called for EPS of $1.39, and the company reported EPS of $1.40.
Revenues: Revenues exceeded estimates. OMC posted total revenue of $3,790.1 million, compared with Zacks Consensus Estimate of $3,764 million.
Key Stats to Note: OMC reported healthy organic growth across its four fundamental disciplines. For the second quarter of 2017, EBITA increased by $3.7 million to $594.0 million. EBITA margin during the quarter was 15.7% versus 15.2% in the second quarter of 2016.
Stock Price: Shares did not show any change in the pre-market trading following the release at the time of this write-up.
Check back our full write up on this OMC earnings report later!
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Omnicom (OMC) Beats on Both Q2 Earnings & Revenues
New York-based Omnicom Group Inc. (OMC - Free Report) is one of the largest advertising, marketing and corporate communications companies in the world. OMC is expanding its global footprint and is moving into new service areas by leveraging its digital and analytical capabilities and partnering with innovative technology firms in key markets.
However, OMC forms an integral part of the communications industry, which is highly competitive in nature and is susceptible to market risks of losing contracts related to media purchases and production costs. With rising operating costs and adverse currency translation effects gradually shrinking margins, investors have been eagerly waiting for the company’s latest earnings report. In the last four trailing quarters, OMC has reported a positive average earnings surprise of 1.71%, beating estimates on all occasions.
Currently, OMC has a Zacks Rank #3 (Hold), but that could definitely change following the second-quarter 2017 earnings report, which was just released. We have highlighted some of the key stats from this just-released announcement below:
Earnings: OMC beats on earnings. The Zacks Consensus Estimate called for EPS of $1.39, and the company reported EPS of $1.40.
Omnicom Group Inc. Price and EPS Surprise
Omnicom Group Inc. Price and EPS Surprise | Omnicom Group Inc. Quote
Revenues: Revenues exceeded estimates. OMC posted total revenue of $3,790.1 million, compared with Zacks Consensus Estimate of $3,764 million.
Key Stats to Note: OMC reported healthy organic growth across its four fundamental disciplines. For the second quarter of 2017, EBITA increased by $3.7 million to $594.0 million. EBITA margin during the quarter was 15.7% versus 15.2% in the second quarter of 2016.
Stock Price: Shares did not show any change in the pre-market trading following the release at the time of this write-up.
Check back our full write up on this OMC earnings report later!
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>