Omnicom Group (NYSE: OMC) announced its results for the third quarter on October 18, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.
Earnings and Revenue:
Omnicom Group managed to exceed Wall Street estimates with stronger-than-expected EPS and revenues. The company reported EPS of 72 cents/share versus the 70 cents/share estimate and revenues of $3.38 billion versus the $3.31 billion estimate. EPS rose 26.3% while revenue climbed 12.9% from the same period last year.
Last quarter marked the third in a row of rising net income. Omnicom Group's revenue has grown during each of the past four quarters on a year-over-year basis.
Income:
For the year, Omnicom Group reported net income of $3.20/share. The company trumped analyst projections of $3.06 by 4.6%. According to the reported number, the company's income rose 16.7% from last year's levels.
Conference Call:
The conference call for third quarter earnings can be accessed here.
Industry:
Omnicom Group's industry, advertising/marketing services, is currently reporting price/earnings growth of 9.9%. The company's EPS trumps the industry average by 76.9%.
What to Do Next:
That's it -- now you have all the facts to help you decide whether to buy, sell or hang onto your Omnicom Group shares. And don't forget to check in with us before next earnings season for a full preview of the company's next release.
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