Earnings Alerts

Omnicom Group (OMC) Earnings Surpass Expectations: 3Q Revenue Hits $3.88 Billion, EPS at $2.03

By October 16, 2024 No Comments
  • Omnicom’s third-quarter revenue reached $3.88 billion, marking an 8.5% increase year-over-year, surpassing the estimate of $3.8 billion.
  • The company’s adjusted earnings per share (EPS) rose to $2.03, compared to $1.86 the previous year, and exceeded the estimate of $2.01.
  • Operating profit was reported at $600.1 million, a 7% increase year-over-year, slightly above the estimate of $594 million.
  • Organic revenue grew by 6.5%, surpassing the anticipated 5.21% increase.
  • Operating margin decreased slightly to 15.5% from 15.7% the previous year.
  • Analyst recommendations include 10 buy ratings, 3 hold ratings, and 1 sell rating.

Omnicom Group on Smartkarma

Analyst coverage of Omnicom Group on Smartkarma reflects a positive sentiment from Baptista Research. In a report titled “Omnicom Group: A Tale Of Digital Transformation and Technology Integration! – Major Drivers,” the analysts highlighted the company’s recent second-quarter results showcasing a strong 5.2% organic growth, driven by a remarkable 6.3% expansion in the U.S. market. The performance was notably robust in advertising, media, and experiential disciplines, despite challenges in the operational landscape.

Additionally, in another report titled “Omnicom Group: Can It Truly Maximize The Potential Of AI To Catalyze Its Growth? – Major Drivers,” Baptista Research praised Omnicom Group Inc.’s first-quarter 2024 earnings, emphasizing a solid organic growth of 4%. The company demonstrated strength in advertising, media, and precision marketing disciplines, with an EBITA margin of 13.8% excluding certain intangibles. The non-GAAP adjusted EPS also saw a 3.7% increase compared to Q1 2023, underscoring the company’s positive position within the industry.


A look at Omnicom Group Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Omnicom Group Inc., a leading provider of advertising and marketing services globally, has received a solid Smartkarma Smart Score indicating its promising long-term outlook. With a strong momentum score of 4, the company is showing significant positive movement that could bode well for its future growth. In addition, Omnicom Group has scored well in the areas of Dividend and Growth, marking it as a company with potential for stability and expansion in the industry.

Although Omnicom Group‘s Value and Resilience scores are not as high as some other factors, its overall scores paint a picture of a company with positive momentum and growth potential. With a comprehensive range of services including traditional media advertising, CRM, public relations, and specialty communications, Omnicom Group is well-positioned to capitalize on market opportunities and navigate challenges effectively in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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