Omnicom Group Inc. Earnings Cheat Sheet: Profit Rises for Third Straight Quarter

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

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Omnicom Group Earnings Cheat Sheet for the Third Quarter

Results: Net income for Omnicom Group Inc. rose to $203.7 million (72 cents per share) vs. $174.6 million (57 cents per share) in the same quarter a year earlier. This marks a rise of 16.7% from the year earlier quarter.

Revenue: Rose 12.9% to $3.38 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: OMC beat the mean analyst estimate of 70 cents per share. It beat the average revenue estimate of $3.31 billion.

Key Stats:

The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 13.1% and in the first quarter, the figure rose 23.6%.

The company has now topped analyst estimates for the last four quarters. It beat the mark by 4 cents in the second quarter, by 10 cents in the first quarter, and by 2 cents in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 14.7% to $3.49 billion in the second quarter. The figure rose 7.9% in the first quarter from the year earlier and climbed 9.8% in the fourth quarter of the last fiscal year from the year-ago quarter.

Looking Forward: Over the past sixty days, the outlook for the company’s performance next quarter has become increasingly unfavorable. The average estimate for the fourth quarter is 97 cents per share, a drop from 98 cents. For the fiscal year, the average estimate has moved up from $3.25 a share to $3.29 over the last ninety days.

Competitors to Watch: Interpublic Group of Companies, Inc. (NYSE:IPG), MDC Partners Inc. (NASDAQ:MDCA), Publicis Groupe S.A. (PUBGY), Lamar Advertising Company (NASDAQ:LAMR), Charm Communications Inc (NASDAQ:CHRM), Focus Media Holding Ltd. (NASDAQ:FMCN), National CineMedia, Inc. (NASDAQ:NCMI), ValueClick, Inc. (NASDAQ:VCLK), interCLICK Inc (NASDAQ:ICLK), and Inuvo, Inc. (AMEX:INUV).

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

(Source: Xignite Financials)

 

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