Interpublic Benefits From Buyout Strategy Amid Seasonality Constraints
IPG(IPG) ZACKS·2024-12-03 17:30
The Interpublic Group of Companies, Inc. (IPG) is benefiting from its diverse workforce and acquisition plan, which enable it to tackle market dynamics. While high liquidity and rising dividend payments act as tailwinds, client concentration and seasonality overshadow IPG’s performance.IPG reported third-quarter 2024 results, with earnings meeting the Zacks Consensus Estimate but revenues missing the same. Adjusted earnings (excluding 65 cents from non-recurring items) of 70 cents per share met the Zacks Co ...