Stagwell Inc expected to post earnings of 21 cents a share - Earnings Preview

Stagwell

06/11/2024 14:07

* Stagwell Inc  STGW.OQ   STGW.O  is expected to show a rise
in
quarterly revenue when it reports  results on November 7 for the
period ending September 30 2024
    * The New York City-based  company is expected to report a
7.9% increase in revenue to $666.482 million from $617.57
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Stagwell Inc is for
earnings
of 21 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Stagwell
Inc is
$8.00​, above​ its last closing price of $6.76. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.16        0.17       0.14      Missed  -18.3
 Mar. 31 2024  0.13        0.13       0.16      Beat    23.1
 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.        0.21        0.21       0.16      Missed  -22.3
 30 2023                                                
 Mar. 31 2023  0.20        0.20       0.13      Missed  -36.1​
 Dec. 31 2022  0.14        0.15       0.22      Beat    46.7
 Jan. 1 0001   0.16        0.17       0.08      Missed  -51.5
 This summary was machine generated November 6 at 14:06 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)