S&P 500 (NYSE:SPY) component Omnicom Group Inc. (NYSE:OMC) will unveil its latest earnings on Tuesday, July 19, 2011. Omnicom Group Inc. provides professional, advertising, marketing and corporate communications services.
Omnicom Group Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 92 cents per share, a rise of 16.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 90 cents. Between one and three months ago, the average estimate moved up, and has risen from 91 cents during the last month. For the year, analysts are projecting net income of $3.25 per share, a rise of 20.4% from last year.
Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 69 cents per share against a mean estimate of net income of 59 cents, and the quarter before, the company exceeded forecasts by 2 cents with profit of 83 cents versus a mean estimate of net income of 81 cents.
Wall St. Revenue Expectations: On average, analysts predict $3.38 billion in revenue this quarter, a rise of 11.2% from the year ago quarter. Analysts are forecasting total revenue of $13.58 billion for the year, a rise of 8.3% from last year’s revenue of $12.54 billion.
Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 23.6% while it rose 7.4% in the fourth quarter of the last fiscal year and 5.4% in the third quarter of the last fiscal year.
Revenue has risen the past four quarters. Revenue increased 7.9% to $3.15 billion in first quarter. The figure rose 9.8% in the fourth quarter of the last fiscal year from the year earlier, climbed 5.5% in the third quarter of the last fiscal year from the year-ago quarter and 5.9% in the second quarter of the last fiscal year.
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).
Stock Price Performance: During June 14, 2011 to July 13, 2011, the stock price had risen $1.72 (3.7%) from $45.87 to $47.59. The stock price saw one of its best stretches over the last year between January 6, 2011, and January 14, 2011, when shares rose for seven-straight days, rising 5.7% (+$2.55) over that span. It saw one of its worst periods between October 7, 2010, and October 18, 2010, when shares fell for eight-straight days, falling 5.5% (-$2.29) over that span. Shares are up $2.27 (+5%) year to date.
(Source: Xignite Financials)
Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!