Interpublic Group of Companies Inc. (The) ($IPG) Stock Forecast: Up 5.1% Today

What is Interpublic Group of Companies Inc. (The)?

Interpublic Group (IPG) is a marketing and advertising company listed on the NYSE. Today, the stock had a strong bullish movement in the market.

Why is Interpublic Group of Companies Inc. (The) going up?

IPG stock is up 5.1% on Jul 25, 2024 14:59

• IPG reported Q2 earnings of $0.61 per share, meeting estimates, but lower than the previous year.
• Despite meeting EPS estimates, IPG missed revenue expectations by a small margin.
• The bullish movement could be attributed to the positive earnings surprise in EPS and the company's ability to beat revenue estimates in previous quarters.
• The expansion of partnerships with companies like Kellanova could also be seen as a positive growth indicator for IPG, contributing to the bullish sentiment in the market.

IPG Price Chart

IPG Technical Analysis

IPG News

Interpublic Group Q2 Earnings Meet Estimates

Interpublic Group (NYSE: 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. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this marketing and advertising company would post earnings of $0.36 per share when it actually produced earnings of $0.36, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Interpublic, which belongs to the Zacks Advertising and Marketing industry, posted revenues of $2.33 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.10%. This compares to year-ago revenues of $2.33 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock''s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management''s commentary on the earnings call.

https://www.benzinga.com/news/earnings/24/07/39932653/interpublic-group-q2-earnings-meet-estimates

IPG Stock Earnings: Interpublic Gr of Cos Beats EPS, Misses Revenue for Q2 2024

Interpublic Gr of Cos (NYSE:IPG) just reported results for the second quarter of 2024. Interpublic Gr of Cos reported earnings per share of 61 cents. This was above the analyst estimate for EPS of 59 cents. The company reported revenue of $2.33 billion. This was 0.09% worse than the analyst estimate for revenue of $2.33 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/ipg-stock-earnings-interpublic-gr-of-cos-for-q2-of-2024/

Interpublic Group (IPG) Q2 Earnings: EPS of $0.57 Beats Estimates, Revenue Hits $2.71 Billion

Interpublic Group (IPG) Q2 Earnings: EPS of $0.57 Beats Estimates, Revenue Hits $2.71 Billion

https://www.gurufocus.com/news/2480211/interpublic-group-ipg-q2-earnings-eps-of-057-beats-estimates-revenue-hits-271-billion

Kellanova Names IPG Global Creative Partner on Priority Brands

Kellanova, formerly the Kellogg Company, is expanding its partnership with Interpublic Group after an extensive evaluation of the company''s global agency model. FCB will now lead on global and priority brands, including Pringles, taking over from Grey. FCB will partner with The Martin Agency and MullenLowe across all Kellanova regions. In addition, Publicis and its…

https://www.adweek.com/agencies/kellanova-ipg-global-creative-partner/

Kellanova Moves to Accelerate Global Brand Growth, Expanding Partnership with Interpublic Group

Photo caption: Kellanova names Interpublic Group its global creative partner on priority brands and appoints Tombras its U.S. creative agency on selected smaller brands to help accelerate growth of its iconic portfolio. CHICAGO, July 22, 2024 /PRNewswire/ -- Kellanova (formerly Kellogg…

https://www.prnewswire.com/news-releases/kellanova-moves-to-accelerate-global-brand-growth-expanding-partnership-with-interpublic-group-302202750.html

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Interpublic Group of Companies Inc. (The) Price History

08.01.2024 - IPG Stock was up 0.3%

• 1. IPG reported mixed results with organic growth in Q4, indicating some positive performance in the company's operations.
• 2. IPG increased its common stock dividend by six percent and announced a new share repurchase program, which could have boosted investor confidence and contributed to the bullish movement.
• 3. Kestra Private Wealth Services LLC increased its stock position in IPG, suggesting a positive sentiment among institutional investors.
• 4. The overall market sentiment and performance of other companies in the advertising and marketing industry could have also influenced IPG's bullish movement.

14.02.2024 - IPG Stock was up 1.0%

• IPG's stock experienced a strong bullish movement today.
• The announcement of KINESSO's Emerging Tech Assessment (ETA) by IPG's technology-driven performance marketing agency could have contributed to the positive market sentiment.
• The innovative solution to optimize campaign performance in the post-cookie era may have attracted investors' attention and boosted confidence in IPG's ability to adapt to changing industry landscapes.
• This strategic move positions IPG as a forward-thinking company, potentially attracting more clients and investors seeking cutting-edge marketing solutions.

25.06.2024 - IPG Stock was up 5.1%

• IPG reported Q2 earnings of $0.61 per share, meeting estimates, but lower than the previous year.
• Despite meeting EPS estimates, IPG missed revenue expectations by a small margin.
• The bullish movement could be attributed to the positive earnings surprise in EPS and the company's ability to beat revenue estimates in previous quarters.
• The expansion of partnerships with companies like Kellanova could also be seen as a positive growth indicator for IPG, contributing to the bullish sentiment in the market.