We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Omnicom (OMC) Beats on Both Q1 Earnings & Revenues
Read MoreHide Full Article
New York-based Omnicom Group Inc. (OMC - Free Report) is one of the largest advertising, marketing and corporate communications companies in the world. OMC is expanding its global footprint and is moving into new service areas by leveraging its digital and analytical capabilities and partnering with innovative technology firms in key markets.
However, OMC forms an integral part of the communications industry, which is highly competitive in nature and is susceptible to market risks of losing contracts related to media purchases and production costs. With rising operating costs and adverse currency translation effects gradually shrinking margins, investors have been eagerly waiting for the company’s latest earnings report. In the last four trailing quarters, OMC has reported a positive average earnings surprise of 2.31%, beating estimates on all occasions.
Currently, OMC has a Zacks Rank #3 (Hold), but that could definitely change following the first-quarter 2017 earnings report, which was just released. We have highlighted some of the key stats from this just-released announcement below:
Earnings: OMC beats on earnings. The Zacks Consensus Estimate called for EPS of 96 cents, and the company reported adjusted EPS of 97 cents.
Revenues: Revenues exceeded estimates. OMC posted total revenue of $3,587.4 million, compared with Zacks Consensus Estimate of $3,564 million.
Key Stats to Note: OMC reported healthy organic growth. For the twelve months ended Mar 31, 2017, return on invested capital (ROIC) and return on equity (ROE) aggregated 21.8% and 52.0%, respectively.
Stock Price: Shares did not show any change in the pre-market trading following the release at the time of this write-up.
Check back our full write up on this OMC earnings report later!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
Image: Bigstock
Omnicom (OMC) Beats on Both Q1 Earnings & Revenues
New York-based Omnicom Group Inc. (OMC - Free Report) is one of the largest advertising, marketing and corporate communications companies in the world. OMC is expanding its global footprint and is moving into new service areas by leveraging its digital and analytical capabilities and partnering with innovative technology firms in key markets.
However, OMC forms an integral part of the communications industry, which is highly competitive in nature and is susceptible to market risks of losing contracts related to media purchases and production costs. With rising operating costs and adverse currency translation effects gradually shrinking margins, investors have been eagerly waiting for the company’s latest earnings report. In the last four trailing quarters, OMC has reported a positive average earnings surprise of 2.31%, beating estimates on all occasions.
Currently, OMC has a Zacks Rank #3 (Hold), but that could definitely change following the first-quarter 2017 earnings report, which was just released. We have highlighted some of the key stats from this just-released announcement below:
Earnings: OMC beats on earnings. The Zacks Consensus Estimate called for EPS of 96 cents, and the company reported adjusted EPS of 97 cents.
Omnicom Group Inc. Price and EPS Surprise
Omnicom Group Inc. Price and EPS Surprise | Omnicom Group Inc. Quote
Revenues: Revenues exceeded estimates. OMC posted total revenue of $3,587.4 million, compared with Zacks Consensus Estimate of $3,564 million.
Key Stats to Note: OMC reported healthy organic growth. For the twelve months ended Mar 31, 2017, return on invested capital (ROIC) and return on equity (ROE) aggregated 21.8% and 52.0%, respectively.
Stock Price: Shares did not show any change in the pre-market trading following the release at the time of this write-up.
Check back our full write up on this OMC earnings report later!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks "Strong Sells" absolutely free >>.