Stagwell Inc reports results for the quarter ended in December - Earnings Summary

Stagwell

27/02/2024 14:32

* Stagwell Inc  STGW.OQ  reported quarterly adjusted
earnings of
12 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 22 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 27 cents per share. Wall Street
expected results to range from 26 cents to 30 cents per share.
    * Revenue fell 7.5% to $654.90 million from a year ago;
analysts
expected $665.53 million. 
    * Stagwell Inc's reported EPS for the quarter was breakeven
results​.
    * The company reported quarterly net income of $127
thousand.
    * Stagwell Inc shares had risen by 5.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the advertising &
marketing peer group is also "buy"

Wall Street's median 12-month price target for Stagwell Inc is
$7.25 
This summary was machine generated from LSEG data February 27 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.27           0.12           Missed
 Sep. 30 2023      0.20           0.18           Missed
 Jun. 30 2023      0.21           0.16           Missed
 Mar. 31 2023      0.20           0.13           Missed