Omnicom Group (NYSE:OMC) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-15. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Omnicom Group will report an earnings per share (EPS) of $2.02.
The market awaits Omnicom Group's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Historical Earnings Performance
The company's EPS beat by $0.02 in the last quarter, leading to a 4.02% drop in the share price on the following day.
Here's a look at Omnicom Group's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
1.93
1.55
2.21
1.85
EPS Actual
1.95
1.67
2.20
1.86
Price Change %
-4.0%
2.0%
-3.0%
-2.0%
Market Performance of Omnicom Group's Stock
Shares of Omnicom Group were trading at $102.86 as of October 11. Over the last 52-week period, shares are up 34.05%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Analysts' Take on Omnicom Group
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Omnicom Group.
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