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 Group Inc. (OMC - Free Report) reported second-quarter 2018 (ended Jun 30, 2018) earnings per share of $1.60 beating the Zacks Consensus Estimate of $1.54. Earnings also increased 14.3% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Omnicom depicted a pessimistic picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter 2018 earnings move down 1.3% over the last 60 days.
However, the company has an impressive earnings history having outperformed the Zacks Consensus Estimate in all of the last four quarters with an average beat of 3.2%.
Omnicom recorded revenues of $3,859.6 million which underperformed the Zacks Consensus Estimate of $3,893.2 million. However, revenues compared favorably with the year-ago figure of $3,790.1 million.
Key Stats to Note: Omnicom reported organic growth of 2.0% in second-quarter 2018 compared with 2.4% organic growth in first-quarter 2018. As a result of the new tax law (Tax Cuts and Jobs Act), the company enjoyed a lower income tax rate of 25.8% in the reported quarter compared to 32.0% in the year-ago quarter.
Zacks Rank: Currently, Omnicom has a Zacks Rank #4 (Sell) but that could change following the company’s earnings report which was just released.
Check back later for our full write up on this Omnicom earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Omnicom (OMC) Beats Q2 Earnings Estimates, Lags Revenues
Omnicom Group Inc. (OMC - Free Report) reported second-quarter 2018 (ended Jun 30, 2018) earnings per share of $1.60 beating the Zacks Consensus Estimate of $1.54. Earnings also increased 14.3% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Omnicom depicted a pessimistic picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter 2018 earnings move down 1.3% over the last 60 days.
However, the company has an impressive earnings history having outperformed the Zacks Consensus Estimate in all of the last four quarters with an average beat of 3.2%.
Omnicom Group Inc. Price and EPS Surprise
Omnicom Group Inc. Price and EPS Surprise | Omnicom Group Inc. Quote
Revenues Lower Than Expected
Omnicom recorded revenues of $3,859.6 million which underperformed the Zacks Consensus Estimate of $3,893.2 million. However, revenues compared favorably with the year-ago figure of $3,790.1 million.
Key Stats to Note: Omnicom reported organic growth of 2.0% in second-quarter 2018 compared with 2.4% organic growth in first-quarter 2018. As a result of the new tax law (Tax Cuts and Jobs Act), the company enjoyed a lower income tax rate of 25.8% in the reported quarter compared to 32.0% in the year-ago quarter.
Zacks Rank: Currently, Omnicom has a Zacks Rank #4 (Sell) 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.
Check back later for our full write up on this Omnicom earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>