Omnicom Group Inc.’s (OMC - Free Report) media services division, Omnicom Media Group, announced a partnership with IRI yesterday. Per the terms, IRI will serve as a preferred consumer packaged goods (CPG) data provider for Omnicom Media Group’s data and analytics division, Annalect.
Annalect can now access IRI’s de-identified Verified Audiences data from 350 million national loyalty cards, and point-of-sale and consumer panel data for insights, planning, activation as well as measurement processes. This, in turn, will help it gain a deeper understanding of clients’ businesses and consumers, and efficiently plan their media buys.
Annalect will also use IRI Lift, a media performance solution that assimilates IRI’s point-of-sale, frequent shopper, causal and media exposure data, to gauge actual in-store sales lift impact of ad expenditures over the course of a campaign.
A combination of Annalect’s proprietary insights and IRI’s offline purchase behavior measurement will create a closed-loop solution, thus resulting in an enhanced personalized marketing capacity.
As a result, Omnicom Media Group clients will be able to access Annalect’s data in combination with large CPG purchase datasets, which allow high level personalization coupled with comprehensive insights, planning activation and in-flight measurement.
Shares of Omnicom gained 3% in yesterday’s after-hours trading. Shares have returned 1.6% year to date against the industry’s decline of 2.8%.
Omnicom is building upon its digital and analytical capabilities by investing in agencies and partnering with innovative technology companies in key markets.
Omnicom Group Inc. Revenue (TTM)
Also, the company’s operations are diversified across technology platforms, thus lowering its dependence on any one product in these dynamic technological markets. These factors augur well for Omnicom’s long-term growth and stability.
Zacks Rank & Key Picks
Omnicom carries a Zacks Rank #3 (Hold). Better-ranked stocks in the broader Business Services sector include Avis Budget Group (CAR - Free Report) , FTI Consulting (FCN - Free Report) and NV5 Global (NVEE - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
In the trailing four quarters, Avis Budget Group, FTI Consulting and NV5 Globalhave delivered a positive earnings surprise of 7.1%, 6.1% and 5.8%, respectively.
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