Examine the evolution of Interpublic's (IPG) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
The Interpublic Group of Companies, Inc. (NYSE:IPG ) Q2 2024 Earnings Conference Call July 24, 2024 8:30 AM ET Company Participants Jerry Leshne - Senior Vice President of Investor Relations Philippe Krakowsky - Chief Executive Officer Ellen Johnson - Chief Financial Officer Conference Call Participants Adrien de Saint Hilaire - Bank of America David Karnovsky - JPMorgan Steven Cahall - Wells Fargo Tim Nollen - Macquarie Cameron McVeigh - Morgan Stanley Julien Roch - Barclays Operator Good morning and welcome to the Interpublic Group Second Quarter 2024 Conference Call. All participants are in a listen-only mode until the question-and-answer portion.
Interpublic's (IPG) second-quarter 2024 total revenues increase year over year.
Although the revenue and EPS for Interpublic (IPG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Interpublic Group (IPG) came out with quarterly earnings of $0.61 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.74 per share a year ago.
Interpublic's (IPG) second-quarter 2024 revenues and earnings are anticipated to have declined on a year-over-year basis.
Interpublic Group has shown some upside potential despite a slight decrease in RoR. I've been covering the company for years and hold a small stake in it. The article provides an update on my valuation of Interpublic Group, which is a positive one, and I consider this company to be a "BUY".
Interpublic (IPG) is benefitting from its disciplined acquisition strategy and diverse workforce that offers a competitive edge.