Profile
Sector:
Communication ServicesIndustry:
Advertising AgenciesCountry:
United KingdomIPO:
29 December 1987Website:
http://www.wpp.comNext earnings report:
21 February 2025Last dividends:
11 October 2024Next dividends:
N/APrice
after hours | Tue, 19 Nov 2024 21:06:01 GMTAnalysts recommendations
Institutional Ownership
WPP Latest News
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today reported its 2024 Third Quarter Trading Update. Third quarter £m +/(-) % reported1 +/(-) % LFL2 Revenue 3,558 1.4 4.1 Revenue less pass-through costs 2,765 (2.6) 0.5 Year to date Revenue 10,784 0.5 3.1 Revenue less pass-through costs 8,364 (3.3) (0.5) Q3 highlights Q3 reported revenue +1.4%, LFL revenue +4.1% Q3 LFL revenue less pass-through costs +0.5%, with North America +1.7%, We.
WPP reported a surprise rise in organic revenue for the third quarter, returning to growth after declines in previous quarters, as it benefited from higher spending among its bigger clients and a stabilization in the technology sector.
Advertising conglomerate WPP PLC (LSE:WPP) returned to growth in the past quarter with better revenues than expected, thanks to new wins with the likes of Amazon, Starbucks and Unilever. The FTSE 100-listed marketing group, which owns agencies including GroupM, Ogilvy, Mindshare and Finsbury, reported revenue less pass-through costs of £2.9 billion for the third quarter, up 0.5% on a like-for-like basis.
British ad group WPP reported a better-than-expected 0.5% rise in like-for-like organic revenue in the third quarter, with growth in North America, western continental Europe and India partly offset by continued tough trading in China.
WPP plc (NYSE:WPP ) Q3 2024 Earnings Conference Call October 10, 2024 4:30 AM ET Company Participants Mark Read – CEO Joanne Wilson – CFO Conference Call Participants Laura Metayer - Morgan Stanley Nicolas Langlet - BNP Paribas Adrien de Saint Hilaire - Bank of America Thomas Singlehurst - Citi Joseph Thomas – HSBC Steve Liechti - Deutsche Numis Simon Baker - Bernstein Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the WPP 2024 Third Quarter Trading Update Conference Call and Webcast.
Shore Capital Markets has reiterated its buy rating on WPP PLC (LSE:WPP) ahead of the advertising giant's upcoming third-quarter trading update on 23 October. Analysts suggested that investors will be looking for reassurance following WPP's interim results, which saw the company reduce its full-year revenue guidance from flat to slightly less than flat.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
WPP plc stock is undervalued compared to peers, despite challenges leading to downgraded growth from high APAC exposure. The company's cost savings plan is coming in nicely apparently and could continue lifting figures a little bit to fight topline pressures which may be a bit protracted. The partial sale of FGS Global to KKR puts a high value on the PR business, which puts a low value on its residual advertising businesses compared to peers.
Citi has given WPP PLC (LSE:WPP) some marginal downgrades due to foreign exchange headwinds and the FGS disposal, but the advertising big cap's risk/reward profile still “tilts positively”, said analysts. Although macroeconomic concerns (i.e.
What type of business is WPP?
WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies. It offers marketing strategy, creative ideation, production, commerce, influencer marketing, social media management, and technology implementation services; media strategy, planning, buying and activation, commerce media, data analytics, and consulting services; and media management, public affairs, reputation, risk and crisis management, social media management, and strategic advisory services. The company also provides brand consulting, brand identity, product and service design, and corporate and brand publication services. WPP plc was founded in 1985 and is based in London, the United Kingdom.
What sector is WPP in?
WPP is in the Communication Services sector
What industry is WPP in?
WPP is in the Advertising Agencies industry
What country is WPP from?
WPP is headquartered in United Kingdom
When did WPP go public?
WPP initial public offering (IPO) was on 29 December 1987
What is WPP website?
https://www.wpp.com
Is WPP in the S&P 500?
No, WPP is not included in the S&P 500 index
Is WPP in the NASDAQ 100?
No, WPP is not included in the NASDAQ 100 index
Is WPP in the Dow Jones?
No, WPP is not included in the Dow Jones index
When was WPP the previous earnings report?
No data
When does WPP earnings report?
The next expected earnings date for WPP is 21 February 2025