Interpublic Group (IPG) Reports Q3: Everything You Need To Know Ahead Of Earnings

Core Insights - Interpublic Group is set to report its earnings results, with analysts expecting a revenue decline of 2.2% year on year to $2.19 billion, which aligns with a 2.9% decrease from the same quarter last year [2][3] - The company reported revenues of $2.17 billion last quarter, down 6.6% year on year, but exceeded analysts' EPS estimates [1][3] Revenue Expectations - Analysts have generally maintained their revenue estimates for Interpublic Group over the past 30 days, indicating a stable outlook heading into earnings [3] - The company has missed Wall Street's revenue estimates six times in the last two years [3] Peer Performance - In the advertising & marketing services segment, peers like Taboola and QuinStreet have reported positive results, with Taboola showing a year-on-year revenue growth of 14.7% and QuinStreet up 2.4% [4] Market Sentiment - Investors in the advertising & marketing services sector have shown stability, with share prices remaining flat over the past month; however, Interpublic Group's stock has decreased by 2.5% during this period [5] - The average analyst price target for Interpublic Group is $33.20, compared to its current share price of $25.46 [5]