Latest news with #OmnicomGroup
Yahoo
23-07-2025
- Business
- Yahoo
Gilead Sciences, Omnicom Group, and QuinStreet Shares Skyrocket, What You Need To Know
What Happened? A number of stocks jumped in the afternoon session after a new trade agreement between the United States and Japan spurred a broad market rally. The positive sentiment swept across markets after it was announced the U.S. and Japan had reached a new trade deal. The agreement included a 15% tariff on Japanese goods imported into the U.S. and a commitment from Japan to invest $550 billion in the U.S. and open its markets to American cars and agricultural products. This development boosted investor confidence and contributed to a widespread rally, lifting stocks across many sectors. The Dow Jones Industrial Average and the S&P 500 both posted gains, creating a favorable environment that likely benefited individual stocks. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Therapeutics company Gilead Sciences (NASDAQ:GILD) jumped 3.1%. Is now the time to buy Gilead Sciences? Access our full analysis report here, it's free. Advertising & Marketing Services company Omnicom Group (NYSE:OMC) jumped 3.1%. Is now the time to buy Omnicom Group? Access our full analysis report here, it's free. Advertising & Marketing Services company QuinStreet (NASDAQ:QNST) jumped 3%. Is now the time to buy QuinStreet? Access our full analysis report here, it's free. Zooming In On Omnicom Group (OMC) Omnicom Group's shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The previous big move we wrote about was 7 days ago when the stock gained 4% on the news that the company reported second-quarter earnings and revenue that surpassed analyst expectations. The company announced a non-GAAP adjusted earnings per share of $2.05, which was $0.03 higher than the consensus estimate of $2.02. Revenue for the quarter came in at $4.02 billion, beating the anticipated $3.95 billion. This represented a 4.2% increase in revenue compared to the same period last year. Investors were also encouraged by the company's 3.0% organic revenue growth for the quarter. The solid performance was driven by an 8.2% rise in its Advertising & Media division and a 5% increase in Precision Marketing. In a statement, CEO John Wren pointed to the "resilience and agility" of the business despite ongoing economic uncertainty. The company also confirmed it is on track with its proposed acquisition of rival Interpublic, having already received regulatory approval in 13 of the 18 required jurisdictions, including the United States. Omnicom Group is down 10% since the beginning of the year, and at $77.82 per share, it is trading 26.2% below its 52-week high of $105.49 from October 2024. Investors who bought $1,000 worth of Omnicom Group's shares 5 years ago would now be looking at an investment worth $1,382. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-07-2025
- Business
- Yahoo
Earnings To Watch: IMAX (IMAX) Reports Q2 Results Tomorrow
Premium cinema technology company IMAX (NYSE:IMAX) will be reporting results this Thursday before the bell. Here's what to expect. IMAX beat analysts' revenue expectations by 2.9% last quarter, reporting revenues of $86.67 million, up 9.5% year on year. It was a stunning quarter for the company, with a solid beat of analysts' EPS estimates. Is IMAX a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting IMAX's revenue to grow 2.1% year on year to $90.79 million, a reversal from the 9.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.23 per share. Heading into earnings, analysts covering the company have mixed opinions about the business, with revenue estimates seeing 7 upward and 3 downward revisions over the last 30 days. IMAX has missed Wall Street's revenue estimates four times over the last two years. Looking at IMAX's peers in the media & entertainment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Interpublic Group's revenues decreased 6.6% year on year, meeting analysts' expectations, and Omnicom Group reported revenues up 4.2%, topping estimates by 1.2%. Omnicom Group traded up 4.6% following the results. Read our full analysis of Interpublic Group's results here and Omnicom Group's results here. There has been positive sentiment among investors in the media & entertainment segment, with share prices up 5.1% on average over the last month. IMAX's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $30.82 (compared to the current share price of $28.04). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Yahoo
21-07-2025
- Business
- Yahoo
Interpublic Group (IPG) Q2 Earnings: What To Expect
Global advertising conglomerate Interpublic Group (NYSE:IPG) will be reporting results this Tuesday morning. Here's what to expect. Interpublic Group met analysts' revenue expectations last quarter, reporting revenues of $2.00 billion, down 8.5% year on year. It was a very strong quarter for the company, with a solid beat of analysts' EPS estimates and a narrow beat 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 6.3% year on year to $2.18 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.56 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. Interpublic Group has missed Wall Street's revenue estimates six times over the last two years. Looking at Interpublic Group's peers in the media & entertainment segment, only Omnicom Group has reported results so far. It beat analysts' revenue estimates by 1.2%, delivering year-on-year sales growth of 4.2%. The stock traded up 4.6% on the results. Read our full analysis of Omnicom Group's earnings results here. There has been positive sentiment among investors in the media & entertainment segment, with share prices up 4.5% on average over the last month. Interpublic Group is down 1% during the same time and is heading into earnings with an average analyst price target of $33.55 (compared to the current share price of $24.18). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Yahoo
18-07-2025
- Business
- Yahoo
Interpublic Group (IPG) Drops After Competition Watchdog OK on Omnicom Merger
We recently published . Interpublic Group of Companies Inc. (NYSE:IPG) is one of the worst-performing companies on Thursday. Interpublic saw its share prices drop by 4.25 percent on Thursday to end at $24.13 apiece following the Australian competition watchdog's approval of its pending merger with Omnicom Group Inc. (NYSE:OMC). In a statement, Interpublic Group of Companies Inc. (NYSE:IPG) said that the Australian Competition and Consumer Commission (ACCC) has officially granted clearance for Omnicom's pending acquisition of Interpublic Group of Companies Inc. (NYSE:IPG). The ACCC approval brings the total number of antitrust approvals to 14 out of the 18 required for closing. The companies remain firmly on track to complete the transaction in the second half of 2025. 'The proposed merger of Omnicom and Interpublic will reimagine the marketing industry, ushering in a bold new era of growth for its people, delivering superior outcomes for clients, and generating significant long-term value for shareholders,' it said. A modern advertising billboard promoting a company's services in the cityscape. Additionally, investors repositioned portfolios ahead of the release of its second quarter earnings performance on Tuesday, July 22. The company said it will hold an earnings call at 8:30 AM on the same day. While we acknowledge the potential of IPG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
18-07-2025
- Business
- Yahoo
Omnicom (OMC) Dives on Dismal Q2 Earnings, Merger with Interpublic
We recently published . Omnicom Group Inc. (NYSE:OMC) is one of the worst-performing companies on Thursday. Omnicom Group dropped its share prices by 4.31 percent on Thursday to end at $70.86 apiece as investors unloaded portfolios following dismal earnings performance in the second quarter of the year. In its financial statement, Omnicom Group Inc. (NYSE:OMC) said net income during the period declined by 21.5 percent to $257.6 million from $328.1 million in the same period last year. Revenues, on the other hand, inched up by 4.2 percent to $4.015 billion from $3.853 billion year-on-year. On the same day, Omnicom Group Inc. (NYSE:OMC) and Interpublic Group of Companies Inc. (NYSE:IPG) announced securing the green light of Australia's anti-competition watchdog for their planned merger. A social media specialist crafting new ideas for healthcare marketing campaigns on a laptop. In a statement on Thursday, Interpublic Group of Companies Inc. (NYSE:IPG) announced that the Australian Competition and Consumer Commission (ACCC) has officially granted clearance for Omnicom Group Inc.'s (NYSE:OMC) to acquire IPG. The approval brings the total number of antitrust approvals to 14 out of the 18 required for closing. The companies said they remain on track to complete the transaction in the second half of 2025. While we acknowledge the potential of OMC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
