Omnicom Group Inc. (OMC) reported impressive third-quarter 2024 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. See Zacks Earnings Calendar to stay ahead of market-making news. Earnings of $2 per share beat the consensus estimate by 3.1% and rose 9.1% from the year-ago quarter. Total revenues of $3.9 billion outpaced the consensus mark by 2.3% and grew 8.5% on a year-over-year basis. Top-line growth was led by a rise of 6.5% in revenues from organic growth and a 2.1% increment ...

Financial Data and Key Metrics Changes - Organic growth for Q3 2024 was strong at 6.5%, with the U.S. also growing at 6.5% [4][12] - Non-GAAP adjusted EBITDA margin was 16% for the quarter, with non-GAAP adjusted earnings per share at $2.03, up 5.7% compared to 2023 [4][20] - Free cash flow year-to-date increased by 4% from last year, with total acquisition payments primarily reflecting the $845 million acquisition of Flywheel [20][22] Business Line Data and Key Metrics Changes - Advertising and media growth was 9%, driven by strong media performance and production initiatives [14] - Precision Marketing growth was 1%, with strong growth at Flywheel offset by lower client spending in some markets [14] - Experiential growth was very strong at 35%, driven by activations for the Summer Olympics [15] Market Data and Key Metrics Changes - The U.S. market showed organic growth of 6.5%, with strong performance in Europe and solid growth in Asia Pacific, Latin America, and the Middle East [16] - Healthcare revenues were down 1%, while branding and retail commerce declined by 5% due to reduced client spending [15] Company Strategy and Development Direction - The formation of Omnicom Advertising Group aims to align creative agencies globally under one leadership team, enhancing access to solutions and technology [5][6] - The acquisition of LeapPoint expands capabilities in digital advisory, supporting strategic efforts to offer comprehensive content solutions [7] - The company is focused on integrating AI and technology platforms to improve marketing outcomes and operational efficiencies [9][60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the higher end of the organic growth target for the year, despite market uncertainties due to upcoming elections and global conflicts [11][25] - The company remains optimistic about future growth, supported by recent business wins and strategic investments [40][54] Other Important Information - The company expects the impact of foreign currency translation to be positive for Q4 2024 and flat for the full year [12] - The EBITDA margin is expected to remain close to flat with 2023, balancing cost savings with strategic investments [18][60] Q&A Session Summary Question: Update on client conversations and impact of the election - Management noted that discussions have shifted from the Fed to the election, with visibility on client spending increasing as the quarter progresses [25][26] Question: Insights on the Amazon media business win - The Amazon win was attributed to strong relationships and successful media group performance, with revenue expected to start flowing in the new year [27][28] Question: Growth and margin expansion outlook - Management indicated that efficiencies from recent initiatives and investments in AI could support margin expansion, while acknowledging the need for continued investment [30][31] Question: Performance of the Precision Marketing segment - The U.S. market showed strong performance, while international markets faced challenges, particularly due to political factors [36][37] Question: Industry growth and competitive positioning - Management believes the industry is in better shape than in previous years, with investments leading to improved measurement and client engagement [39][40] Question: Explanation of the Omnicom Advertising Group - The new structure aims to enhance integration and efficiency in response to technological changes, while maintaining the unique identities of individual agencies [45][46] Question: Retail media capabilities and Flywheel's role - Flywheel is positioned as a leader in online retail media, with ongoing investments to enhance capabilities in both onsite and offsite retail media [50][51] Question: Overall market outlook and confidence - Management expressed bullishness about future prospects, citing recent wins and the sophistication of clients as key factors [53][54]

Omnicom (OMC) reported $3.88 billion in revenue for the quarter ended September 2024, representing a yearover-year increase of 8.5%. EPS of $2.03 for the same period compares to $1.86 a year ago. The reported revenue represents a surprise of +2.32% over the Zacks Consensus Estimate of $3.79 billion. With the consensus EPS estimate being $1.97, the EPS surprise was +3.05%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

Omnicom (OMC) came out with quarterly earnings of $2.03 per share, beating the Zacks Consensus Estimate of $1.97 per share. This compares to earnings of $1.86 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 3.05%. A quarter ago, it was expected that this advertising company would post earnings of $1.88 per share when it actually produced earnings of $1.95, delivering a surprise of 3.72%. Over the last four quarters, the compan ...

Revenue of $3.9 billion, with organic growth of 6.5% Net income of $385.9 million Diluted earnings per share of $1.95; $2.03 Non-GAAP adjusted Operating income of $600.1 million; EBITA of $622.3 million and 16.0% margin NEW YORK, Oct. 15, 2024 /PRNewswire/ -- Omnicom (NYSE: OMC) today announced results for the quarter ended September 30, 2024. "Omnicom delivered a strong quarter, with 6.5% organic revenue growth, and 7.9% EBITA growth. We did so while continuing to strengthen our organization by investing i ...

Omnicom Group (OMC) is scheduled to release its third-quarter 2024 results on Oct. 15, after the bell. See the Zacks Earnings Calendar to stay ahead of market-making news. The company has had an impressive earnings surprise history. It outperformed the Zacks Consensus Estimate in all the trailing four quarters, delivering an earnings surprise of 3.2%, on average. Q3 Expectations The Zacks Consensus Estimate for the top line is currently pegged at $3.8 billion, indicating 6% growth from the year-ago reported ...

Core Viewpoint - Omnicom (OMC) is expected to report quarterly earnings of $1.97 per share, a 5.9% increase year-over-year, with revenues projected at $3.79 billion, reflecting a 6.1% year-over-year growth [1] Earnings Estimates - The consensus EPS estimate has been adjusted downward by 0.7% over the past 30 days, indicating a reassessment by analysts [2] - Revisions to earnings estimates are crucial for predicting investor actions, as empirical research shows a strong correlation between earnings estimate trends and short-term stock performance [3] Revenue Projections - Revenue from 'Commerce & Branding' is estimated at $220.63 million, a 4.3% increase from the previous year [5] - 'Execution & Support' revenue is projected at $207.78 million, reflecting a 0.8% increase year-over-year [5] - 'Healthcare' revenue is expected to reach $331.22 million, indicating a 3.1% decrease from the prior year [5] - 'Public Relations' revenue is forecasted at $417.82 million, a 6.5% increase year-over-year [6] - 'Revenue by Geography- Asia Pacific' is estimated at $439.11 million, a 2.8% increase [6] - 'Revenue by Geography- North America' is projected to be $2.10 billion, reflecting a 5.8% increase [6] - 'Revenue by Geography- Middle East and Africa' is expected to reach $64.85 million, a significant 25.7% increase [7] - 'Revenue by Geography- Europe' is projected at $1.07 billion, a 5.2% increase [7] Organic Revenue Growth - Total Organic Revenue Growth is expected to be 5.0%, up from 3.3% in the previous year [7] - 'Organic Revenue Growth - Healthcare' is estimated at 2.7%, down from 3.8% in the same quarter last year [8] - 'Organic Revenue Growth - Experiential' is projected at 8.5%, compared to 9.2% in the previous year [8] - 'Organic Revenue Growth - Precision Marketing' is expected to be 5.8%, up from 4.3% in the same quarter last year [9] Stock Performance - Over the past month, Omnicom shares have returned +4.6%, compared to the Zacks S&P 500 composite's +5.9% change [9] - Omnicom holds a Zacks Rank 3 (Hold), suggesting performance that aligns with the overall market in the upcoming period [9]

NEW YORK, Oct. 8, 2024 /PRNewswire/ -- Omnicom (NYSE: OMC) will publish its third quarter 2024 results on Tuesday, October 15, 2024 after the New York Stock Exchange close of trading. The company will also host a conference call to review such financial results on Tuesday, October 15, 2024, starting at 4:30 p.m. Eastern Time. A live webcast of the call will be available at Omnicom's investor relations website, investor.omnicomgroup.com, along with the related earnings press release and slide presentation. A ...

Omnicom Group Inc. (OMC) has had an impressive run in the year-to-date period. The company's shares have gained 19.2% compared with the 7.8% rally of its industry. OMC reported impressive second-quarter 2024 results, wherein earnings and revenues beat the Zacks Consensus Estimate. Earnings of $1.95 per share beat the consensus estimate by 3.7% and gained 7.7% year over year. Total revenues of $3.9 billion surpassed the consensus estimate by 1.1% and increased 6.8% on a year-over-year basis. How is OMC Doing ...

Omnicom (OMC) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may ...