Global advertising conglomerate Interpublic Group (NYSE: IPG) will be announcing earnings results tomorrow before market hours. Here’s what investors should know.
Interpublic Group missed analysts’ revenue expectations by 3.1% last quarter, reporting revenues of $2.43 billion, down 5.9% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ organic revenue estimates.
Is Interpublic Group a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Interpublic Group’s revenue to decline 8.2% year on year to $2.00 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.26 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Interpublic Group’s peers in the media & entertainment segment, only Omnicom Group has reported results so far. It missed analysts’ revenue estimates by 0.6%, delivering year-on-year sales growth of 1.6%. The stock was down 7.3% on the results.
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