Omnicom Group Inc. (OMC - Free Report) reported fourth-quarter 2018 (ended Dec 31, 2018) earnings per share of $1.77 beating the Zacks Consensus Estimate of $1.66. Earnings also increased on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Omnicom’s fourth-quarter 2018 earnings remained stable over the last 90 days.
The company has an impressive earnings history having outperformed the Zacks Consensus Estimate in all of the last four quarters with an average beat of 3.9%.
Revenues Better Than Expected
Omnicom recorded revenues of $4,086.7 million which outperformed the Zacks Consensus Estimate of $4,076.1 million. However, revenues compared unfavorably with the year-ago figure of $4,176.6 million.
Key Stats to Note: Omnicom reported organic growth of 3.2% in fourth-quarter 2018 compared with 2.9% organic growth in third-quarter 2018.
Zacks Rank: Currently, Omnicom has a Zacks Rank #2 (Buy) but that could change following the company’s earnings report which was just released.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Omnicom Group Inc. Price and EPS Surprise
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