Back to top
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you accept our Privacy Policy and Terms of Service, revised from time to time, and you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
Image: Bigstock
Interpublic Group Earnings and Revenues Miss Estimates in Q4
The Interpublic Group of Companies, Inc. (IPG - Free Report) has reported lower-than-expected fourth-quarter 2024 results.
See Zacks Earnings Calendar to stay ahead of market-making news.
IPG’s adjusted earnings of $1.11 per share missed the Zacks Consensus Estimate by 3.5% and decreased 5.9% from the year-ago quarter. Revenues before billable expenses (net revenues) of $2.4 billion missed the consensus estimate by 2.9% and declined 19.5% year over year. Total revenues of $2.9 billion fell 5.3% year over year and outpaced the Zacks Consensus Estimate of $2.5 billion.
IPG shares have lost 11.5% in the past six months compared with the 7.8% decline of the industry it belongs and against the Zacks S&P 500 composite’s rise of 12.4%.
Interpublic Group of Companies, Inc. (The) Price, Consensus and EPS Surprise
Interpublic Group of Companies, Inc. (The) price-consensus-eps-surprise-chart | Interpublic Group of Companies, Inc. (The) Quote
Interpublic Group's Operating Results
The operating income in the quarter came in at $567.9 million, which decreased 6.4% from the year-ago quarter and missed our estimate of $586.4 million.
Adjusted EBITA was $588.3 million, decreasing 6.3% on a year-over-year basis and missing our estimate of $609 million. The adjusted EBITA margin on net revenues was 24.2%, down 10 basis points from the year-ago quarter. The figure beat our expectation of 20.5%.
Balance Sheet & Cash Flow of IPG
Interpublic Group ended the quarter with a cash and cash equivalent balance of $2.2 billion compared with $1.5 billion at the end of the previous quarter. Total debt was $3 billion compared with $2.9 billion in the preceding quarter.
The company paid out a common stock cash dividend of 33 cents per share to $122.8 million.
Interpublic Group's 2025 Guidance
IPG expects 2025 organic net revenues to grow 1-2% year over year. The adjusted EBITA margin is anticipated to be 16.6%.
Interpublic Group carries a Zacks Rank #4 (Sell) at present.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Snapshots
Gartner, Inc. (IT - Free Report) reported better-than-expected fourth-quarter 2024 results.
IT’s adjusted earnings per share of $5.6 beat the Zacks Consensus Estimate by 69.3% and increased 79.3% from the year-ago quarter. Revenues of $1.7 billion surpassed the consensus estimate by 1.8% and improved 8.2% year over year.
Automatic Data Processing, Inc. (ADP - Free Report) posted impressive second-quarter fiscal 2025 results.
ADP’s earnings per share of $2.4 beat the consensus estimate by 3.5% and increased 10.3% from the year-ago quarter. Total revenues of $5.1 billion surpassed the consensus estimate by 1.6% and grew 8.1% on a year-over-year basis.