Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Interpublic Group of Companies Inc    IPG

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Omnicom's North America growth slows even as profit, revenue beat

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/18/2017 | 04:59pm CEST

The world's second-largest advertising company Omnicom Group Inc (>> Omnicom Group Inc.) reported slower-than-expected growth in North America, overshadowing a quarterly profit and revenue that beat estimates.

The world's second-largest advertising company Omnicom Group Inc (>> Omnicom Group Inc.) reported slower-than-expected growth in North America, overshadowing a quarterly profit and revenue that beat estimates.

Shares of the company, part of the global "big four" advertising companies, were down 3.8 percent at $82.90 in morning trading on Tuesday.

The company's organic revenue in the North America rose 1.1 percent to $2.14 billion (1.71 billion pounds), missing the average analysts' estimate of 2.1 percent, according to market research firm FactSet StreetAccount.

North America is Omnicom's largest market, and accounts for about 60 percent of its revenue.

Investors will be weary about the U.S. growth numbers being light, Pivotal Research analyst Brian Wieser said.

U.S. growth was tepid again...despite significant new business wins, as media and advertising gains were offset by declines in events, field marketing and branding businesses, Wieser added.

The company would remain cautious as numerous geopolitical and macroeconomic events remain unresolved, Chief Executive John Wren said on a call with analysts on Tuesday.

"(Omnicom) still unclear on how legislation in several major areas (in the U.S.), including the budget, tax reform, infrastructure spending and health care, could impact the economy," Wren said.

However, New York-based Omnicom said organic revenue grew 8.1 percent in the UK and 8.2 percent in Europe, for the first quarter ended March 31.

The company said its international revenue for the quarter was $1.45 billion, edging past FactSet estimates of $1.44 billion, allaying some concerns about its growth abroad following UK's decision to leave the European Union.

Omnicom, owner of agencies such as BBDO Worldwide, TBWA Worldwide and Goodby Silverstein & Partners, is being investigated by the U.S. Department of Justice along with fellow rivals such as Interpublic Group of Companies Inc (>> Interpublic Group of Companies Inc) and Publicis Groupe SA (>> Publicis Groupe) over rigged bids to favour in-house production units.

Top advertising companies worldwide are increasingly looking to boost presence in digital media, with print ads drying up.

Omnicom — which serves over 5,000 clients worldwide, including Procter & Gamble (>> Procter & Gamble Co), Cisco Systems Inc (>> Cisco Systems, Inc.) and McDonald's Corp (>> McDonald's Corporation) — said net income rose to $241.8 million, or $1.02 per share, in the quarter, from $218.4 million, or 90 cents per share, a year earlier.

Excluding items, Omnicom earned 97 cents per share, beating the average analysts' estimate of 96 cents, according to Thomson Reuters I/B/E/S.

Revenue rose 2.5 percent to $3.59 billion, beating estimates of $3.55 billion.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Shounak Dasgupta)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INTERPUBLIC GROUP OF COMPA
08/16 INTERPUBLIC OF : Bombardier Selects McCann Canada
08/10 INTERPUBLIC OF : Declares Common Stock Dividend
08/09 INTERPUBLIC OF : Bahamas Ministry of Tourism Engages Weber Shandwick to Promote ..
08/09 INTERPUBLIC OF : New Smokey Bear Digital-First Creative Highlights Lesser Known ..
08/04 INTERPUBLIC OF : IPG Presents 2017 Inclusion Awards
08/03 INTERPUBLIC OF : IPG Presents 2017 Inclusion Awards
08/03 MCCANN HEALTH : Most Awarded Agency At The 2017 Creative Floor Show
07/27 INTERPUBLIC OF : Announces Second Quarter and First Half 2017 Results
07/26 MCCANN : Selected By HomeGoods As Its Ad Agency
07/26 INTERPUBLIC OF : Toby Southgate Named Chief Growth Officer At McCann Worldgroup
More news
News from SeekingAlpha
08/14 Interpublic Group +2.7% as Pivotal boosts rating to Buy
08/12 Best And Worst Performing S&P 500 Stocks On Earnings
07/28 Interpublic Group Of Companies Selloff Overreaction Presents A Buying Opportu..
07/25 The Interpublic Group of Companies' (IPG) CEO Michael Roth on Q2 2017 Results..
07/25 Interpublic Group -10.2% as results miss low estimates
Financials ($)
Sales 2017 7 929 M
EBIT 2017 986 M
Net income 2017 562 M
Debt 2017 615 M
Yield 2017 3,49%
P/E ratio 2017 14,53
P/E ratio 2018 12,77
EV / Sales 2017 1,09x
EV / Sales 2018 1,06x
Capitalization 8 066 M
Chart INTERPUBLIC GROUP OF COMPA
Duration : Period :
Interpublic Group of Compa Technical Analysis Chart | IPG | US4606901001 | 4-Traders
Technical analysis trends INTERPUBLIC GROUP OF COMPA
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 25,2 $
Spread / Average Target 23%
EPS Revisions
Managers
NameTitle
Michael Isor Roth Chairman & Chief Executive Officer
Frank Mergenthaler Chief Financial Officer & Executive Vice President
John Halper Chief Information Officer & Senior Vice President
H. John Greeniaus Independent Director
William T. Kerr Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
INTERPUBLIC GROUP OF COMPANIES INC-12.39%8 066
WPP GROUP-13.88%25 612
OMNICOM GROUP INC.-9.81%17 713
PUBLICIS GROUPE-6.13%16 614
NIELSEN HOLDINGS PLC-4.62%14 142
JCDECAUX2.95%7 188