Omnicom Group Inc. (OMC - Free Report) reported first-quarter 2019 (ended Mar 31, 2019) earnings per share of $1.17 beating the Zacks Consensus Estimate of $1.08. 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 first-quarter 2019 earnings remained unchanged over the last 60 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 5.4%.
Revenues Better Than Expected
Omnicom recorded revenues of $3,469 million which outperformed the Zacks Consensus Estimate of $3,466 million. However, revenues compared unfavorably with the year-ago figure of $3,630 million.
Key Stats to Note: Omnicom reported organic growth of 2.5% on a year-over-year basis. It ended the quarter with free cash flow of $340.7 million.
Omnicom Group Inc. Price
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.
Check back later for our full write up on this Omnicom earnings report later!
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