OMC - Omnicom Gains on Flywheel Acquisition Amid Low Liquidity | Benzinga
Omnicom Group Inc. (NYSE: OMC) shares have risen 5.4% against the 4.8% decline of the industry it belongs to.
The company gains from investments made in precision marketing, data, analytics and others. Diversification in its revenue stream helps it tackle the dynamism of the advertising and marketing industry. However, a current ratio of less than 1 may pose a threat to the company paying off its short-term obligations.
OMC reported impressive first-quarter 2024 results. Earnings of $1.67 per share beat the consensus estimate by 9.9% and increased 7.1% year over year. Total revenues of $3.6 billion surpassed the consensus estimate by 1.6% and increased 5.4% year over year.
How is OMC Doing?
Omnicom has invested in multiple avenues, including real estate, back-office services, procurement, IT, data, analytics and precision marketing as part of its internal development initiatives. Driven by these investments, we anticipate the ...