Omnicom (OMC - Free Report) reported fourth-quarter 2019 earnings per share of $1.89 (on an adjusted basis) which beat the Zacks Consensus Estimate by 2 cents. Earnings increased 12 cents year over year.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Omnicom’s fourth-quarter 2019 earnings increased 0.5% over the past 30 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 5.2%.
Revenues Higher Than Expected
Omnicom recorded total revenues of $4,141 million which surpassed the Zacks Consensus Estimate of $4,080 million. Also, revenues compared favorably with the year-ago figure of $4,087 million.
Key Stats to Note: Operating profit in the quarter came in at $646.4 million, up 3.1% year over year. Operating margin increased to 15.6% from 15.3% in the year-ago quarter.
Zacks Rank: Currently, Omnicom has a Zacks Rank #3 (Hold) 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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