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Interpublic Group of Companies, Inc. (The) (IPG) - free report >>
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Interpublic Group of Companies, Inc. (The) (IPG) - free report >>
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Interpublic (IPG) Lags Q1 Earnings & Revenues Estimates
The Interpublic Group of Companies, Inc. (IPG - Free Report) reported first-quarter 2018 earnings per share of 3 cents (excluding 7 cents from non-recurring items), which lagged the Zacks Consensus Estimate by 1 cent.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Interpublic’s first-quarter 2018 earnings remained stable at 4 cents per share over the last 60 days.
The company also has a decent earnings history having outperformed the Zacks Consensus Estimate in two of the last four quarters with an average beat of 31.5%.
Revenues Lower Than Expected
Interpublic recorded adjusted revenues of $1,774 million which underperformed the Zacks Consensus Estimate of $1,793.1 million.
Key Stats to Note: Interpublic reported organic net revenue growth of 3.6% in first-quarter 2018. The company experienced an organic growth of 4.3% in the United States and 2.6% in the international markets.
Zacks Rank: Currently, Interpublic has a Zacks Rank #2 (Buy) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Interpublic Group of Companies, Inc. (The) Price and EPS Surprise
Interpublic Group of Companies, Inc. (The) Price and EPS Surprise | Interpublic Group of Companies, Inc. (The) Quote
Check back later for our full write up on this Interpublic earnings report later!
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