Publicis Groupe SA
PUB: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Xpz | LOCK|cN$G$ | LOCK|@LJHq$f |
Publicis Earnings: Strong Organic Growth at Tech-Savvy Agency; Buy-the-Dip With Shares Undervalued
Publicis’ second-quarter organic revenue growth beat management’s 4.5% guidance by 140 basis points. Management raised its full-year organic growth forecast from 4.5% to 5.0% and reaffirmed its 18% operating margin target. Free cash flow before working capital changes is up 11% year over year.
