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

• 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 27 cents per share.

• Revenue rose 27.7% to $711.28 million from a year ago; analysts expected $666.48 million.

• The company reported quarterly net income of $3.27 million.

• Stagwell Inc shares had risen by 2.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 6 "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 $9.00

This summary was machine generated from LSEG data February 27 at 03:16 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)