Time New York: Sun 25 Feb 10:14 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Interpublic (IPG) Beats Q4 Earnings & Revenue Estimates

Zacks

New York-based The Interpublic Group of Companies, Inc. IPG is one of the largest advertising companies in the world. IPG has made a name for itself with its digital capabilities, diversified business model and geographic reach.

However, IPG forms an integral part of the communications industry, which is highly competitive in nature and is susceptible to market risks of losing contracts related to media purchases and production costs. With intensifying competition for ad dollars and adverse currency translation effects gradually shrinking margins, investors have been eagerly waiting for the company’s latest earnings report.

In the last four trailing quarters, IPG has managed to beat estimates on two occasions, registering a positive average earnings surprise of 34.3%.

Currently, IPG has a Zacks Rank #2 (Buy), but that could definitely change following latest fourth-quarter earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: IPG beats on earnings. The company reported adjusted EPS of 79 cents, which exceeded the Zacks Consensus Estimate of 77 cents.

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


Revenues: Revenues beat, as IPG reported revenues of $2,341 million, compared with the Zacks Consensus Estimate of $2,273 million.

Key Stats to Note: IPG achieved organic revenue growth of 3.3% in the reported quarter. Management raised the quarterly dividend by 16.7% year over year to 21 cents per share and increased share repurchase authorization by an additional $300 million.

Stock Price: IPG shares remained static in pre-market trading following the release at the time of the write-up. It would be interesting to see how the shares react during the course of the day.

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

Don’t Even Think About Buying Bitcoin Until You Read This

The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.

Zacks’ has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.

See 4 crypto-related stocks now >>


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

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.