Australia Markets closed

Interpublic (IPG) Q1 Earnings & Revenues Top Estimates

Zacks Equity Research

The Interpublic Group of Companies, Inc. IPG reported first-quarter 2019 earnings per share of 11 cents (on an adjusted basis) beating the Zacks Consensus Estimate of 6 cents. Earnings also increased on a year-over-year basis.

How Was the Estimate Revision Trend?

Investors should note that the Zacks Consensus Estimate for Interpublic's first-quarter 2019 earnings remained stable over the last 60 days.

The company has a decent earnings history having outperformed the Zacks Consensus Estimate in two of the last four quarters with an average miss of 2.7%.

Revenues Better Than Expected

Interpublic recorded revenues of $2,005 million which outperformed the Zacks Consensus Estimate of $1,957 million. Moreover, revenues compared favorably with the year-ago figure of $1,774 million.

Key Stats to Note: Interpublic reported organic net revenue growth of 6.4% in first-quarter 2019. The company experienced an organic growth of 5.7% in the United States and 7.7% in the international markets in the reported quarter.

Zacks Rank: Currently, Interpublic has a Zacks Rank #2 (Buy) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

Interpublic Group of Companies, Inc. (The) Price and EPS Surprise

 

Interpublic Group of Companies, Inc. (The) Price and EPS Surprise | Interpublic Group of Companies, Inc. (The) Quote

Check back later for our full write up on this Interpublic earnings report later!

Zacks' Top 10 Stocks for 2019

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?

Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.

See Latest Stocks Today >>

 

 

 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Interpublic Group of Companies, Inc. (The) (IPG) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research