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

Stagwell

09/05/2023 14:33

* Stagwell Inc  STGW.OQ  reported quarterly adjusted
earnings of
13 cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
20 cents per share.
    * Revenue was $622.44 million​; analysts expected $649.12
million. 
    * Stagwell Inc's reported EPS for the quarter was a loss of
1
cent​.
    * The mean earnings estimate of analysts had risen by
about 69.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Stagwell Inc shares had fallen by 21.3% this quarter and
lost 6.0% so far this year.
    * The company reported a quarterly loss of $2.72 million.
    * Wall Street's median 12-month price target for Stagwell
Inc is
$11.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
9 at 01:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.13           0.08           Missed