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Interpublic (IPG) to Report Q2 Earnings: What's in Store?

The Interpublic Group of Companies, Inc. IPG is scheduled to report second-quarter 2020 results on Jul 29, before the opening bell.

Let's check out how things have shaped up for the announcement.

What to Expect This Time Around

Unfavorable impact of foreign currency movements is likely to have partially offset the positive impact of organic growth. This may have impacted Interpublic’s second-quarter 2020 revenues, the Zacks Consensus Estimate for which is pegged at $1.74 billion, indicating a decrease of 30.8% from the year-ago quarter’s reported figure.

Decline in operating margins is likely to have weighed on the bottom line. The Zacks Consensus Estimate for earnings is pegged at 20 cents, indicating a massive decline of 56.5% from the year-ago reported figure.

What Our Model Says

Our proven model does not conclusively predict an earnings beat for Interpublic this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Interpublic has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell).

Interpublic Group of Companies, Inc. The Price and EPS Surprise

Interpublic Group of Companies, Inc. The Price and EPS Surprise

Interpublic Group of Companies, Inc. The price-eps-surprise | Interpublic Group of Companies, Inc. The Quote

Stocks to Consider

Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on second-quarter 2020 earnings.

Waste Management WM has an Earnings ESP of +7.67% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Aptiv APTV has an Earnings ESP of +7.14% and a Zacks Rank #3.

Waste Connections WCN has an Earnings ESP of +7.04% and a Zacks Rank #3.

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Interpublic Group of Companies, Inc. The (IPG): Free Stock Analysis Report

Waste Management, Inc. (WM): Free Stock Analysis Report

Waste Connections, Inc. (WCN): Free Stock Analysis Report

Aptiv PLC (APTV): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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