Stagwell Inc reports results for the quarter ended in September 30 - Earnings Summary

Stagwell

07/11/2024 14:33

* Stagwell Inc  STGW.OQ  reported quarterly adjusted
earnings of
22 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 18 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 21 cents per share. Wall Street
expected results to range from 19 cents to 24 cents per share.
    * Revenue rose 15.2% to $711.28 million from a year ago;
analysts
expected $666.48 million. 
    * Stagwell Inc's reported EPS for the quarter was 3 cents​.
    * The company reported quarterly net income of $3.27
million.
    * Stagwell Inc shares had risen by 1.4% this quarter and
gained 7.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.3%
in the last three months.​ 
    * In the last 30 days, two 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 November 7 at
02:32 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
 Sep. 30 2024      0.21           0.22           Beat
 Jun. 30 2024      0.17           0.14           Missed
 Mar. 31 2024      0.13           0.16           Beat
 Dec. 31 2023      0.27           0.12           Missed