New York-based Omnicom Group Inc. (OMC – Analyst 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.
Currently, OMC has a Zacks Rank #3 (Hold), but that could definitely change following its earnings report, which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: OMC posted in-line on earnings .The Zacks Consensus Estimate called for EPS of $1.35, and the company reported EPS of $1.35.
Revenue: Total revenue missed. OMC posted total revenue of $4,153 million, compared with Zacks Consensus Estimate of $4,189 million.
Key Stats to Note: OMC reported healthy organic growth across all regions except Latin America.
Stock Price: Shares remained flat in pre-market trading following the release at the time of this write-up.
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