Interpublic 4Q Rev Expected to Be Roughly Flat — Earnings Preview

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by Dean Seal

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Interpublic Group of Companies Inc. Is scheduled to report fourth quarter results on Thursday morning. Here’s what you need to know:

ADJ Earnings: The advertising holding company, which owns agency groups such as McCann, FCB and MediaBrands, is expected to post adjusted earnings of $1.01 per share, according to FactSet.

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Revenue: According to FactSet, revenue is expected to be $2.54 billion, compared to $2.55 billion in the same period a year ago.

what to watch

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Demand: An uncertain macroeconomic outlook may dampen demand for traditional agency services, but the overall environment for advertising agencies is supportive of growth, with unemployment running at historic lows, consumer-focused brands retaining some pricing power and advertising Freeing up dollars eases supply chain challenges. analysts at JP Morgan said in a note last month. They expect growth in secular business lines at IPG, including Acxiom, Reprise and MRM.

Organic growth: Investors will be eyeing IPG’s organic growth forecast for 2023, according to analysts at Wells Fargo, who raised their own fourth-quarter organic growth forecast for IPG after strong top line results from French competitor Publicis Groupe SA. Extended a bit. “We think this area feels better than ever [about] 2017,” he said in a note.

Write to Dean Seal at [email protected]

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