Key Details
Price
$50.07Last Dividend
$0.97Annual Revenue
$18.47 BAnnual EPS
$0.63Annual ROE
2.77%Beta
0.64Events Calendar
Next earnings date:
Feb 21, 2025Recent quarterly earnings:
Aug 07, 2024Recent annual earnings:
Feb 22, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Oct 11, 2024Next split:
N/ARecent split:
Nov 16, 1999Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
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Institutional Ownership
WPP PLC (LSE:WPP) saw its shares increase after it was announced that the French market research company Ipsos is discussing a possible purchase of Kantar Media. WPP holds a 40% share in Kantar.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. However, we also keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
WPP has released its Third Quarter Trading Update for 2024, showing a reported revenue of £3,558 million, which is a 1.4% increase. The revenue, excluding pass-through costs, was £2,765 million, reflecting a decrease of 2.6%. Year-to-date, the total revenue stands at £10,784 million, with a slight increase of 0.5%.
WPP unexpectedly saw an increase in organic revenue for the third quarter, bouncing back after previous declines. This growth was supported by increased spending from its larger clients and a recovery in the technology sector.
WPP PLC, a large advertising company, saw growth in the last quarter with higher-than-expected revenues, driven by new contracts with companies like Amazon, Starbucks, and Unilever. The marketing group, which includes agencies such as GroupM, Ogilvy, Mindshare, and Finsbury, reported a revenue of £2.9 billion for the third quarter, which is a 0.5% increase when adjusted for similar conditions.
The British advertising company WPP announced a surprising 0.5% increase in its like-for-like organic revenue for the third quarter. This growth was driven by strong performance in North America, western continental Europe, and India, although it was somewhat balanced out by ongoing challenges in China.
WPP plc (NYSE:WPP) will hold its Q3 2024 Earnings Conference Call on October 10, 2024, at 4:30 AM ET. The call will feature company leaders Mark Read, the CEO, and Joanne Wilson, the CFO, along with participants from various financial institutions. The operator will welcome everyone and introduce the WPP 2024 Third Quarter Trading Update Conference Call and Webcast.
Shore Capital Markets has confirmed its buy rating for WPP PLC (LSE:WPP) before the company's third-quarter trading update on 23 October. Analysts believe that investors will seek reassurance after WPP's interim results, which showed a decrease in the company's full-year revenue forecast from flat to just below flat.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. However, we also keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
WPP plc's stock is considered undervalued when compared to its competitors, even though it faces difficulties that have led to lower growth expectations due to its significant presence in the Asia-Pacific region. The company's cost-saving strategy seems to be working well and may help improve its financial performance despite ongoing challenges. Additionally, the partial sale of FGS Global to KKR highlights the high value of its public relations sector, while suggesting that its remaining advertising businesses are valued lower than those of its rivals.
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