New York-based Omnicom Group Inc. (OMC) is one of the largest advertising, marketing, and corporate communications companies in the world. Valued at $17.5 billion by market cap, Omnicom’s services span the Americas, Europe, Asia, Australia, and Africa, providing various services, including advertising, marketing, branding, public relations, and more. Omnicom is expected to announce its fiscal Q2 earnings on Tuesday, Jul. 16.
Ahead of the event, analysts expect Omnicom to report a profit of $1.88 per share, up 3.9% from $1.81 per share reported in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates over the past four quarters. Its EPS for the last reported quarter increased by 3.7% year over year to $1.67 per share and beat the consensus estimate by 9.9%. In the previous quarter, Omnicom saw a 5.4% growth in revenue compared to Q1 2023.
