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

Stagwell

02/11/2023 13:33

* Stagwell Inc  STGW.OQ  reported quarterly adjusted
earnings of
18 cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 8 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 20 cents per share. Wall Street
expected results to range from 16 cents to 24 cents per share.
    * Revenue fell 7% to $617.57 million from a year ago;
analysts
expected $631.35 million. 
    * Stagwell Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $653 million.
    * Stagwell Inc shares had fallen by 12.2% this quarter and
lost 33.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.9%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 2 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.20           0.18           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