
What to Look for When Omnicom (OMC) Posts Q2 Earnings
NEW YORK (TheStreet) -- Shares of Omnicom Group (OMC) - Get Report closed higher by 0.46% to $84.93 on Wednesday ahead of the company's 2016 second quarter earnings due out before tomorrow's opening bell.
Analysts project that earnings per share and revenue will increase year-over-year.
Wall Street is expecting the New York-based advertising and marketing company to report earnings of $1.33 per share on revenue of $3.91 billion.
During the same period last year, Omnicom earned $1.26 per share on revenue of $3.81 billion.
Jefferies maintained its "hold" rating and $82 price target on the stock ahead of the results.
The firm said the second quarter appears to be in line, while the third quarter could be mixed.
Jefferies sees organic revenue growth of 3.7% for the second quarter compared to consensus estimates for an increase of 3.4%.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of A on the stock.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and notable return on equity.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: OMC










