WPP Reports Disappointing 1H Results; Reducing FVE to GBX 1,640; Shares Are Becoming Attractive
While WPP reported total revenue and earnings above our internal estimates, those first-half 2017 results were mixed compared with the Street’s expectations. Total revenue came in short of consensus as, unexpectedly, WPP posted a decline in organic revenue mainly due to weakness in some of the major developed markets. Such disappointment was masked by the positive impact of the weaker British pound. From a macroeconomic standpoint, as it relates to the firm’s expected organic growth rate going f...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.