Is Omnicom a Buy After Last Week's Pullback?
Omnicom Group (NYSE: OMC) released strong fourth-quarter 2019 results two weeks ago, comfortably exceeding Wall Street's estimates at the time. But while shares of the marketing and corporate communications specialist initially jumped as much as 5% on the heels of that report, the stock has all but given up its post-earnings pop over the past week, falling more than 11% as the broader markets pulled back on concerns over the impact of the ongoing global coronavirus outbreak.
Even so, Omnicom has shown a knack for effectively combating the effects of macreconomic uncertainty in recent quarters. So this raises the question: Could Omnicom represent an opportunity for patient investors to pick up shares of a future top stock at a hefty discount?
Let's take a closer look at its latest quarter to find out, starting with its headline numbers:
Source Fool.com
