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Interpublic (IPG) Beats Q4 Earnings & Revenues Estimates

Zacks

The Interpublic Group of Companies, Inc. IPG reported fourth-quarter 2018 (ended Dec 31, 2018) earnings per share of 89 cents beating the Zacks Consensus Estimate of 81. 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 fourth-quarter 2018 earnings remained stable over the last 90 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 4.5%.


Revenues Better Than Expected

Interpublic recorded revenues of $2,413.7 million which outperformed the Zacks Consensus Estimate of $2,323 million.

Key Stats to Note: Interpublic reported organic net revenue growth of 7.1% in fourth-quarter 2018. The company experienced an organic growth of 6.3% in the United States and 8% in the international markets in the reported quarter.

Zacks Rank: Currently, Interpublic has a Zacks Rank #3 (Hold) 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!

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