Compared to Estimates, Interpublic (IPG) Q1 Earnings: A Look at Key Metrics

Core Insights - Interpublic Group (IPG) reported revenue of $2.18 billion for Q1 2024, reflecting a 0.3% increase year-over-year and a surprise of +0.39% over the Zacks Consensus Estimate of $2.17 billion [1] - Earnings per share (EPS) for the quarter was $0.36, unchanged from the consensus estimate but down from $0.38 in the same quarter last year [1] Revenue Performance - Revenue before billable expenses from International operations was $706.60 million, slightly above the average estimate of $698.27 million, with no year-over-year change [2] - Domestic revenue before billable expenses was $1.48 billion, matching analyst estimates and showing a +0.4% change from the previous year [2] - Revenue before billable expenses from Asia Pacific was $142.80 million, below the average estimate of $164.79 million, representing a -10.3% year-over-year decline [2] - Revenue before billable expenses from Other International regions was $119.20 million, exceeding the estimate of $96.45 million, but down -7.2% year-over-year [2] - Revenue before billable expenses from Continental Europe was $179.50 million, surpassing the estimate of $175.11 million, with a +9.7% year-over-year increase [2] - Revenue before billable expenses from the United Kingdom was $178 million, above the estimate of $174.84 million, reflecting a +4.6% year-over-year increase [2] - Revenue before billable expenses from Latin America was $87.10 million, below the estimate of $94.81 million, but showing a +2.8% change from the previous year [2] Stock Performance - Interpublic shares have returned -3.3% over the past month, slightly underperforming the Zacks S&P 500 composite's -3% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]