J.P. Morgan: Omnicom Delivered Strong Q4 Results

In a research report released today, J.P. Morgan says that Omnicom Group

delivered strong Q4 results that beat expectations. According to J.P. Morgan, “Q4 EPS came in at $0.96 ahead of our $0.94 estimate and grew 16% over the prior year. Better than expected organic revenue growth of 5.2% and 50 bp of margin expansion helped drive this upside to earnings.” J.P. Morgan maintains its Overweight rating on Omnicom, which closed yesterday at $48.02.