Stagwell Inc expected to post earnings of 13 cents a share - Earnings Preview

Stagwell

29/04/2024 16:09

* Stagwell Inc  STGW.OQ   STGW.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The New York City-based  company is expected to report a
2.0% decrease in revenue to $609.803 million from $622.44
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Stagwell Inc is for
earnings
of 13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months. ​
    * Wall Street's median 12-month price target for Stagwell
Inc is
$7.00​, above​ its last closing price of $6.12. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.27        0.27       0.12      Missed  -55.8
 Sep. 30 2023  0.19        0.20       0.18      Missed  -8.3
 Jun. 30 2023  0.21        0.21       0.16      Missed  -22.3​
 Mar. 31 2023  0.20        0.20       0.13      Missed  -36.1
 ​​Dec.        0.14        0.15       0.22      Beat    46.7
 31 2022                                                
 Sep. 30 2022  0.16        0.17       0.08      Missed  -51.5​
 Jun. 30 2022  0.13        0.13       0.08      Missed  -38.5
 This summary was machine generated April 29 at 15:09 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)