Omnicom Group Profits SURGE

S&P 500 (NYSE:SPY) component Omnicom Group Inc. (NYSE:OMC) reported its results for the second quarter. Omnicom Group provides professional, advertising, marketing, and corporate communications services.

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Omnicom Group Inc. Earnings Cheat Sheet

Results: Net income for Omnicom Group Inc. rose to $282.7 million ($1.02 per share) vs. $275.1 million (96 cents per share) in the same quarter a year earlier. This marks a rise of 2.8% from the year-earlier quarter.

Revenue: Rose 2.1% to $3.56 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Omnicom Group Inc. was about in line with expectations as the mean analyst estimate of $1.01 per share. Analysts were expecting revenue of $3.53 billion.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 1.3% and in the fourth quarter of the last fiscal year, the figure rose 10.3%.

The company has now topped analyst estimates for the last four quarters. It beat the mark by 3 cents in the first quarter, by one cent in the fourth quarter of the last fiscal year, and by 2 cents in the third quarter of the last fiscal year.

Revenue has increased for four consecutive quarters. Revenue increased 5% to $3.31 billion in the first quarter. The figure rose 7.4% in the fourth quarter of the last fiscal year from the year earlier and climbed 12.9% in the third quarter of the last fiscal year from the year-ago quarter.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the third quarter has moved down from 80 cents a share to 79 cents over the last thirty days. The average estimate for the fiscal year is now $3.64 per share, down from $3.70 sixty days ago.

Competitors to Watch: Interpublic Group of Companies, Inc., MDC Partners Inc., Publicis Groupe S.A., Lamar Advertising Company, Charm Communications Inc, Focus Media Holding Ltd., National CineMedia, Inc., ValueClick, Inc., interCLICK Inc, and Inuvo, Inc.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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