Stagwell Inc (STGW) Tops Q3 EPS by 3c; Offers Guidance

Stagwell Inc (NASDAQ: STGW) reported Q3 EPS of $0.21, $0.03 better than the analyst estimate of $0.18. Revenue for the quarter came in at $663.8 million versus the consensus estimate of $735.1 million.

GUIDANCE:

Stagwell Inc sees FY2022 EPS of $0.86-$0.94, versus the consensus of $0.72.

Pro Forma Organic Net Revenue growth of 16% – 20%, reflecting a more modest contribution from advocacy fundraising relative to the 2020 Presidential cycle due to a decline in closely contested races, persisting inflation, and hurricane impact in large markets.

For earnings history and earnings-related data on Stagwell Inc (STGW) click here.

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