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.
Interpublic Group (IPG) Misses Both Q2 Earnings & Revenues
Read MoreHide Full Article
New York-based The Interpublic Group of Companies, Inc. (IPG - Free Report) is the third largest advertising company in the world. IPG has made a name for itself with its digital capabilities, diversified business model and geographic reach.
However, IPG 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 intensifying competition for ad dollars 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, IPG has managed to beat estimates on three occasions, registering a positive average earnings surprise of 43.6%.
Currently, IPG has a Zacks Rank #3 (Hold), but that could definitely change following latest second-quarter earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: IPG missed on earnings. The company reported adjusted EPS of 27 cents, which missed the Zacks Consensus Estimate of 34 cents.
Interpublic Group of Companies, Inc. (The) Price and EPS Surprise
Revenues: Revenues missed, as IPG reported revenues of $1.88 billion, compared with the Zacks Consensus Estimate of $1.96 billion.
Key Stats to Note: IPG achieved organic revenue growth of 0.4% in the reported quarter. During the second quarter, the company repurchased 2.5 million shares for $60 million. Also, it declared and paid cash dividend of 18 cents per share, for a total of $70.5 million.
Stock Price: IPG shares were relatively flat in the pre-market trading following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back our full write up on this IPG earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
Image: Bigstock
Interpublic Group (IPG) Misses Both Q2 Earnings & Revenues
New York-based The Interpublic Group of Companies, Inc. (IPG - Free Report) is the third largest advertising company in the world. IPG has made a name for itself with its digital capabilities, diversified business model and geographic reach.
However, IPG 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 intensifying competition for ad dollars 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, IPG has managed to beat estimates on three occasions, registering a positive average earnings surprise of 43.6%.
Currently, IPG has a Zacks Rank #3 (Hold), but that could definitely change following latest second-quarter earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: IPG missed on earnings. The company reported adjusted EPS of 27 cents, which missed the Zacks Consensus Estimate of 34 cents.
Interpublic Group of Companies, Inc. (The) Price and EPS Surprise
Interpublic Group of Companies, Inc. (The) Price and EPS Surprise | Interpublic Group of Companies, Inc. (The) Quote
Revenues: Revenues missed, as IPG reported revenues of $1.88 billion, compared with the Zacks Consensus Estimate of $1.96 billion.
Key Stats to Note: IPG achieved organic revenue growth of 0.4% in the reported quarter. During the second quarter, the company repurchased 2.5 million shares for $60 million. Also, it declared and paid cash dividend of 18 cents per share, for a total of $70.5 million.
Stock Price: IPG shares were relatively flat in the pre-market trading following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back our full write up on this IPG earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
See these stocks now>>