WPP Earnings Prediction
The chart below shows how WPP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WPP sees a +17.97% change in stock price 10 days leading up to the earnings, and a +0.00% change 10 days following the report. On the earnings day itself, the stock moves by -15.43%. This data can give you a slight idea of what to expect for the next quarter's release.
WPP Key Earning Data
2024/Q4
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WPP Earnings Analysis
WPP PLC Corporation (WPP.N) Earnings Conference Call
Positive
Net Sales Growth: The third quarter delivered a return to growth, with 0.5% growth in net sales, led very much by Group M.
Group M Growth Analysis: Group M grew 4.8% after 1.9% growth in the first half.
Client Growth Performance: Our top 10 clients grew 7% in the quarter despite the drag from the loss of a health care client.
Market Growth and Sector Improvement: We saw growth across four of our top five markets and broad-based improvement across most client sectors, including the technology sector, which returned to growth at 1.3% in the quarter.
Strategic Growth Progress: We have made continued progress on our strategic objectives, returning to growth in the quarter, which while it was expected is a positive step.
Negative
Revenue Decline Analysis: Revenue less pass-through costs fell 2.6% on a reported basis and was up 0.5% on a like-for-like basis.
FX Impact on Growth: The point of growth includes a 2.9 percentage point headwind from FX due to sterling strengthening against a number of currencies.
M&A Contribution Decline: The contribution from M&A in Q3 was a small negative, reflecting some small disposals and the discontinuation of our profitable business in smaller markets.
Sequential Like-for-Like Improvement: Like-for-like growth of 0.5% reflected a sequential improvement versus Q2, with Q3 lapping the softest like-for-like comparative.
Creative Agency Decline Factors: Our integrated creative agencies declined 3.1%, driven mainly by three factors: the impact of Pfizer, the macro and business conditions in China and declines in project-based work against the more challenging macro backdrop.
WPP FAQs
How does WPP typically perform around its earnings report dates?
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WPP Earning Call Sentiment
WPP plc (WPP) Q3 2024 Earnings Call Transcript
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WPP.N
-15.43%Positive
The earnings call summary presents a mixed picture: while there are positive elements such as new business wins and strategic initiatives, financial performance is lackluster with a revenue decline and weak guidance. The shareholder return plan is positive due to debt reduction. The Q&A reveals management's cautious outlook, especially regarding China and tech sector stabilization. The refusal to provide clear guidance on future impacts and initiatives adds uncertainty. Given these factors, the stock price is likely to remain stable, with minor fluctuations, resulting in a neutral sentiment.
