Interpublic (IPG) To Report Q1 Earnings: What's In Store?
Zacks Investment Research | Apr 24, 2018 10:00PM ET
The Interpublic Group of Companies, Inc. (NYSE:IPG) is scheduled to report first-quarter 2018 results on Apr 27, before the opening bell.
While we expect the company to witness solid sales on the back of higher organic growth, favorable foreign currency movements and extensive global presence, seasonality in business is likely to hurt the bottom line.
We observe that shares of Interpublic have rallied 19.7% over the past six months, significantly outperforming the S&P 500’s gain of 4.6%. The industry to which it belongs, declined 1.6% in the same time frame.
Organic Growth & Favorable Currency to Drive Revenues
The Zacks Consensus Estimate for revenues for the to-be-reported quarter stands at $1,815 million, reflecting year-over-year growth of 3.5%. The top line is expected to benefit from higher organic growth and favorable foreign currency movements.
Interpublic Group of Companies, Inc. (The) Revenue (TTM)
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