Global advertising giant Omnicom Group (NYSE:OMC) will be announcing earnings results this Thursday after the bell. Here’s what investors should know.
Omnicom Group beat analysts’ revenue expectations last quarter, reporting revenues of $6.56 billion, up 63.4% year on year. It was a satisfactory quarter for the company, with EPS in line with analysts’ estimates.
Is Omnicom Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Omnicom Group’s revenue to grow 52.5% year on year, improving from the 4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Omnicom Group rarely misses Wall Street’s revenue estimates.
Looking at Omnicom Group’s peers in the media & entertainment segment, only Stride has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 3%.
Read our full analysis of Stride’s earnings results here.Investors in the media & entertainment segment have had fairly steady hands going into earnings, with share prices down 1% on average over the last month. Omnicom Group is up 7.4% during the same time and is heading into earnings with an average analyst price target of $102 (compared to the current share price of $81.21).
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.