OMC - Why Is Omnicom Up 5.6% Since Last Earnings Report? | Benzinga
It has been about a month since the last earnings report for Omnicom (NYSE: OMC). Shares have added about 5.6% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Omnicom due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Omnicom Q1 Earnings and Revenues Beat Estimates
Omnicom Group Inc. reported impressive first-quarter 2024 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.
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.
The increase in the top line was led by an increase ...