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Countdown to Omnicom (OMC) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
Omnicom GroupOmnicom Group(US:OMC) ZACKSยท2024-10-10 14:20

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]