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Omnicom Earnings & Revenues Surpass Estimates in Q3, Increase Y/Y
ZACKS· 2024-10-16 17:15
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 ...
Omnicom Group(OMC) - 2024 Q3 - Earnings Call Transcript
2024-10-15 23:39
Omnicom Group Inc. (NYSE:OMC) Q3 2024 Earnings Conference Call October 15, 2024 4:30 PM ET Company Participants Gregory Lundberg - Senior Vice President, Investor Relations John Wren - Chairman and Chief Executive Officer Phil Angelastro - Executive Vice President and Chief Financial Officer Conference Call Participants David Karnovsky - JPMorgan Cameron McVeigh - Morgan Stanley Steven Cahall - Wells Fargo Jason Bazinet - Citi Tim Nollen - Macquarie Craig Huber - Huber Research Partners Adam Berlin - UBS Op ...
Compared to Estimates, Omnicom (OMC) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-15 23:01
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 Group(OMC) - 2024 Q3 - Earnings Call Presentation
2024-10-15 22:33
2024 Third Quarter October 15, 2024 Highlights Revenue • 6.5% organic revenue growth and +2.1% from net acquisitions/dispositions in Q3 2024 • Led by Advertising & Media (+9.4%), Experiential (+35.3%), and Public Relations (+4.3%) • 4.8% growth in diluted EPS to $1.95, and 5.7% growth in Non-GAAP adjusted diluted EPS to $2.03 in Q3 2024(i) Business update • Won Amazon's media business in the Americas, and extended our VW media relationship • Chosen by Kenvue and Grupo Bimbo for content production • Announce ...
Omnicom (OMC) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-15 22:15
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 ...
Omnicom Group(OMC) - 2024 Q3 - Quarterly Report
2024-10-15 21:50
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-10551 OMNICOM GROUP INC. (Exact name of registrant as specified in its charter) New York 13-1514814 (State or other jurisdiction of incorporation or organization) (IRS Emplo ...
Omnicom Group(OMC) - 2024 Q3 - Quarterly Results
2024-10-15 20:09
Third Quarter 2024 Results Notes 1-6, see page 10. OMNICOM REPORTS THIRD QUARTER 2024 RESULTS 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, October 15, 2024 - 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% EBI ...
Omnicom Reports Third Quarter 2024 Results
Prnewswire· 2024-10-15 20:03
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 to Report Q3 Earnings: Here's What You Should Know
ZACKS· 2024-10-14 17:01
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 ...
Countdown to Omnicom (OMC) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2024-10-10 14:20
In its upcoming report, Omnicom (OMC) is predicted by Wall Street analysts to post quarterly earnings of $1.97 per share, reflecting an increase of 5.9% compared to the same period last year. Revenues are forecasted to be $3.79 billion, representing a year-over-year increase of 6.1%. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during thi ...