Shareholders might have noticed that The Interpublic Group of Companies, Inc. (NYSE:IPG) filed its third-quarter result this time last week. The early response was not positive, with shares down 7.0% to US$29.80 in the past week. Results look mixed - while revenue fell marginally short of analyst estimates at US$2.2b, statutory earnings were in line with expectations, at US$2.85 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Interpublic Group of Companies after the latest results.

Check out our latest analysis for Interpublic Group of Companies

Following last week's earnings report, Interpublic Group of Companies' eight analysts are forecasting 2025 revenues to be US$9.29b, approximately in line with the last 12 months. Per-share earnings are expected to bounce 25% to US$2.70. In the lead-up to this report, the analysts had been modelling revenues of US$9.45b and earnings per share (EPS) of US$2.69 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$31.86. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Interpublic Group of Companies analyst has a price target of US$39.00 per share, while the most pessimistic values it at US$26.00. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that revenue is expected to reverse, with a forecast 0.4% annualised decline to the end of 2025. That is a notable change from historical growth of 3.0% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 3.7% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Interpublic Group of Companies is expected to lag the wider industry.