Everything You Need To Know Ahead Of Earnings

Global advertising conglomerate Interpublic Group (NYSE:IPG) will be reporting results this Monday before market open. Here’s what you need to know.

Interpublic Group met analysts’ revenue expectations last quarter, reporting revenues of $2.17 billion, down 6.6% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates.

Is Interpublic Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Interpublic Group’s revenue to decline 2.2% year on year to $2.19 billion, in line with the 2.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.73 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 advertising & marketing services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Taboola delivered year-on-year revenue growth of 14.7%, beating analysts’ expectations by 6.3%, and QuinStreet reported revenues up 2.4%, topping estimates by 2.1%. Taboola traded up 13% following the results while QuinStreet’s stock price was unchanged.

Read our full analysis of Taboola’s results here and QuinStreet’s results here.

Investors in the advertising & marketing services segment have had steady hands going into earnings, with share prices flat over the last month. Interpublic Group is down 2.5% during the same time and is heading into earnings with an average analyst price target of $33.20 (compared to the current share price of $25.46).

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