New York-based Interpublic (IPG) is the third largest advertising company 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. In the last four trailing quarters, IPG has managed to beat the earnings only once with a positive average earnings surprise of 11.11%.
Currently, IPG has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: IPG’s loss is narrower than expected. Our consensus called for loss per share of 4 cents and the company reported break even earnings.
Revenue: Revenues Beat. IPG posted revenues of $1,676 million, compared to our consensus estimate of $1,654 million.
Key Stats to Note: For 2015, IPG expects organic revenue growth in the range of 3% - 4% and 80 -100 basis points of operating margin expansion.
Stock Price: Shares prices remained flat in pre-market trading following the earnings beat at the time of writing.
Check back our full write up on this IPG earnings report later.
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INTERPUBLIC GRP (IPG): Free Stock Analysis Report
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