Omnicom Group Earnings: Everything You Must Know Now
Omnicom Group Inc. (NYSE:OMC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2%.
Omnicom Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 52.7% to $1.13 in the quarter versus EPS of $0.96 in the year-earlier quarter.
Revenue: Rose 2.38% to $3.94 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Omnicom Group Inc. reported adjusted EPS income of $1.13 per share. By that measure, the company beat the mean analyst estimate of $1.09. It beat the average revenue estimate of $3.93 billion.
Key Stats (on next page)…
Revenue increased 15.79% from $3.41 billion in the previous quarter. EPS increased 52.7% from $0.74 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.75 to a profit $0.74. For the current year, the average estimate has moved down from a profit of $3.61 to a profit of $3.6 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)