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

Stagwell

01/05/2024 14:53

* Stagwell Inc  STGW.OQ  reported quarterly adjusted
earnings of
16 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 13
cents.  The mean expectation of six analysts for the quarter was
for earnings of 13 cents per share. Wall Street expected
results to range from 9 cents to 18 cents per share.
    * Revenue rose 7.6% to $670.06 million from a year ago;
analysts
expected $607.30 million. 
    * Stagwell Inc's reported EPS for the quarter was a loss of
1
cent​.
    * The company reported a quarterly loss of $1.51 million.
    * Stagwell Inc shares had fallen by 4.3% this quarter and
lost 10.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17%
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," 2
"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
$7.00 
This summary was machine generated from LSEG data May 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
 Mar. 31 2024      0.27           0.16           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