Stagwell Inc expected to post earnings of 20  cents a share - Earnings Preview

Stagwell

31/10/2023 17:13

* Stagwell Inc  STGW.OQ   STGW.O  is expected to show a fall
in
quarterly revenue when it reports  results 
    * The New York City-based  company is expected to report  a
4.9% decrease in revenue to $631.347 million from $663.79
million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Stagwell Inc is for
earnings of 20 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 1.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Stagwell
Inc is
$8​, above​ its last closing price of $4.33. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  0.14        0.15       0.22      Beat    46.7​
 Sep. 30 2022  0.16        0.17       0.08      Missed  -51.5
 ​​Jun.        0.13        0.13       0.08      Missed  -38.5
 30 2022                                                
                                                        ​
 This summary was machine generated October 31 at 17:13 GMT.  All
figures in US dollars  unless otherwise stated