Omnicom (OMC) Q3 Earnings Beat Estimates, Revenues Lag
Omnicom Group Inc. OMC reported third-quarter 2019 earnings per share of $1.32 which beat the Zacks Consensus Estimate by 2 cents. Earnings increased by 6.5% year over year.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate forOmnicom’s third-quarter 2019 earnings decreased over the last 30 days.
The company has an impressive earnings history having surpassed the Zacks Consensus Estimate in all of the last four quarters, the average being 5.5%.
Revenues Lower Than Expected
Omnicom recorded total revenues of $3,624 million which lagged the Zacks Consensus Estimate of $3,637 million. Also, revenues compared unfavorably with the year-ago figure of $3,714 million.
Key Stats to Note: Operating profit in the quarter came in at $473.3 million. Operating margin increased to 13.1% from 12.7% in the year-ago quarter.
Omnicom Group Inc. Price
Omnicom Group Inc. price | Omnicom Group Inc. Quote
Zacks Rank: Currently, Omnicom has a Zacks Rank #3 (Hold) 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 Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Omnicom Group Inc. (OMC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
