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

Stagwell

08/08/2023 14:32

* Stagwell Inc  STGW.OQ  reported quarterly adjusted
earnings of
16 cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of 21 cents per share.
    * Revenue fell 6% to $632.27 million from a year ago;
analysts
expected $677.96 million. 
    * Stagwell Inc's reported EPS for the quarter was a loss
of 4
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Stagwell Inc shares had fallen by 11.7% this quarter and
gained 2.6% so far this year.
    * The company reported a quarterly loss of $4.69 million.
    * Wall Street's median 12-month price target for Stagwell
Inc is
$10.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.21           0.16           Missed
 Mar. 31 2023      0.20           0.13           Missed
 Dec. 31 2022      0.15           0.22           Beat
 Sep. 30 2022      0.17           0.08           Missed