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2 Attractive Large Caps on Sale After Q2 Earnings

Written by MarketBeat Staff
July 31, 2023

Key Points

  • For S&P 500 companies that fell short of Wall Street’s Q2 forecasts, macroeconomic weakness, soft demand and cost inflation are common themes.
  • Interpublic Group of Companies fell short on revenue, impacted by macro uncertainty that caused clients to spend cautiously during the period.
  • In the back half of the year, IPG is expected to return to top line growth thanks to some large new business wins.
  • Equifax reported slightly lower-than-expected revenue, leading to a $20 share price selloff that extended to a 15% downturn last week. 
  • Equifax is trading at 23x next year’s earnings estimate - well below its five-year average P/E ratio of 30x, a reversion to which implies 30% upside.
  • 5 stocks we like better than Interpublic Group of Companies

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Interpublic Group of Companies (IPG)
4.5822 of 5 stars		$30.77-0.8%4.29%10.95Hold$35.13
Equifax (EFX)
4.8863 of 5 stars		$241.31+2.9%0.65%53.74Moderate Buy$270.19
Bristol-Myers Squibb (BMY)
4.9474 of 5 stars		$41.25-1.2%5.82%-13.31Hold$60.00
Pfizer (PFE)
4.4022 of 5 stars		$29.55+0.2%5.69%-492.42Hold$35.86
Berkshire Hathaway (BRK.B)
0.0886 of 5 stars		$409.85+0.1%N/A12.10Moderate Buy$432.00
Acxiom (ACXM)
0 of 5 stars		$48.48flatN/AN/AN/A
Compare These Stocks  Add These Stocks to My Watchlist 

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