Interpublic Group of Companies (NYSE:IPG) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$2.71b (up 16% from 2Q 2023).

• Net income: US$214.5m (down 19% from 2Q 2023).

• Profit margin: 7.9% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.57 (down from US$0.69 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Interpublic Group of Companies EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Media industry in the US.

Performance of the American Media industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Interpublic Group of Companies' balance sheet and an in-depth analysis of the company's financial position.

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