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Omnicom (OMC) to Report Q1 Earnings: What's in the Offing?
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Omnicom Group Inc. (OMC - Free Report) is scheduled to report first-quarter 2021 results on Apr 20, before the bell.
The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in all of the trailing four quarters, the average beat being 10.1%.
Q1 Expectations
The Zacks Consensus Estimate for revenues is pegged at $3.31 billion, indicating a 2.9% decline from the year-ago quarter’s actual figure. The top line is expected to predominantly reflect the impact of decline in organic revenues, resulting from a drop in business activities due to the coronavirus pandemic. Decline in acquisition revenues, net of disposition revenues, and unfavorable foreign-exchange movements are also expected to have weighed on the top line.
The Zacks Consensus Estimate for earnings is pegged at $1.14 per share and calls for year-over-year decline of 4.2%, expectedly attributable to decline in operating profit.
What Our Model Says
Our proven model predicts an earnings beat for Omnicom this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Omnicom has an Earnings ESP of +2.20% and a Zacks Rank #3.
Here are a few other stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these too have the right combination of elements to beat on first-quarter 2021 earnings.
S&P Global (SPGI - Free Report) , with an Earnings ESP of +1.49% and a Zacks Rank of 3.
Fiserv , with an Earnings ESP of +1.00% and a Zacks Rank of 3.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
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Omnicom (OMC) to Report Q1 Earnings: What's in the Offing?
Omnicom Group Inc. (OMC - Free Report) is scheduled to report first-quarter 2021 results on Apr 20, before the bell.
The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in all of the trailing four quarters, the average beat being 10.1%.
Q1 Expectations
The Zacks Consensus Estimate for revenues is pegged at $3.31 billion, indicating a 2.9% decline from the year-ago quarter’s actual figure. The top line is expected to predominantly reflect the impact of decline in organic revenues, resulting from a drop in business activities due to the coronavirus pandemic. Decline in acquisition revenues, net of disposition revenues, and unfavorable foreign-exchange movements are also expected to have weighed on the top line.
The Zacks Consensus Estimate for earnings is pegged at $1.14 per share and calls for year-over-year decline of 4.2%, expectedly attributable to decline in operating profit.
What Our Model Says
Our proven model predicts an earnings beat for Omnicom this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Omnicom has an Earnings ESP of +2.20% and a Zacks Rank #3.
Omnicom Group Inc. Price and EPS Surprise
Omnicom Group Inc. price-eps-surprise | Omnicom Group Inc. Quote
Other Stocks That Warrant a Look
Here are a few other stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these too have the right combination of elements to beat on first-quarter 2021 earnings.
Nielsen , with an Earnings ESP of +2.33% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
S&P Global (SPGI - Free Report) , with an Earnings ESP of +1.49% and a Zacks Rank of 3.
Fiserv , with an Earnings ESP of +1.00% and a Zacks Rank of 3.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
AccessZacks Top 10 Stocks for 2021 today >>