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

Stagwell

01/08/2024 14:54

* Stagwell Inc  STGW.OQ  reported quarterly adjusted
earnings of
14 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 16
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 17 cents per share. Wall Street expected
results to range from 7 cents to 27 cents per share.
    * Revenue rose 6.2% to $671.17 million from a year ago;
analysts
expected $652.73 million. 
    * Stagwell Inc's reported EPS for the quarter was a loss
of 3
cents​.
    * The company reported a quarterly loss of $2.97 million.
    * Stagwell Inc shares had fallen by 2.1% this quarter and
gained 0.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.2%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

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
$8.00 
This summary was machine generated from LSEG data August 1 at
01:53 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
 Jun. 30 2024      0.17           0.14           Missed
 Mar. 31 2024      0.13           0.16           Beat
 Dec. 31 2023      0.27           0.12           Missed
 Sep. 30 2023      0.20           0.18           Missed