Omnicom Group Inc. (NYSE:OMC) is set to announce third quarter earning results on Tuesday 27th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, OMC to report 3Q20 income of $ 1.06 per share.
For the full year, analysts anticipate top line of $ 12891.50 million, while looking forward to income of $ 4.64 per share bottom line.
Previous Quarter Performance
Omnicom Group Inc. came out with income for the second quarter of $ 0.92 per share, from the revenue of $ 2,801.00 million. The quarterly earnings reduced 45.24 percent while revenues decreased 24.70 percent compared with the same quarter last year. The top line results fell short of analysts by $ 285.73 million or 9.26 percent.
Stock Performance
Shares of Omnicom Group Inc. traded up $ 1.14 or 2.21 percent on Friday, reaching $ 52.72 with volume of 2.20 million shares. Omnicom Group Inc. has traded high as $ 52.78 and has cracked $ 51.82 on the downward trend
According to the previous trading day, closing price of $ 52.72, representing a 11.24 % increase from the 52 week low of $ 46.37 and a 37.65 % decrease over the 52 week high of $ 82.73.
The company has a market capital of $ 11.33 billion and is part of the Consumer Cyclical sector and Advertising Agencies industry.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.65 per share to holders of record as of the close of business on September 21, 2020, with payment date of October 12, 2020 and ex-dividend date on September 18, 2020.
Conference Call
Omnicom Group Inc. will be hosting a conference call at 8:15 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.omnicomgroup.com
Omnicom Group Inc., together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The companys services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.
