Omnicom Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Omnicom Group Inc OMC reported quarterly adjusted earnings of $2.05​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.95. The mean expectation of eight analysts for the quarter was for earnings of $2.00 per share. Wall Street expected results to range from $1.92 to $2.05 per share.

• Revenue rose 4.2% to $4.02 billion from a year ago; analysts expected $3.96 billion.

• Omnicom Group Inc's reported EPS for the quarter was $1.31​.

• The company reported quarterly net income of $257.6 million.

• Omnicom Group Inc shares had risen by 1.0% this quarter and lost 15.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the advertising & marketing peer group is also "buy"

• Wall Street's median 12-month price target for Omnicom Group Inc is $99.00, about 26.6% above its last closing price of $72.65

This summary was machine generated from LSEG data July 15 at 08:34 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)