Stagwell Inc (STGW) Misses Q4 EPS by 4c, FY EPS Guidance Tops Views

Stagwell Inc (NASDAQ: STGW) reported Q4 EPS of $0.22, $0.04 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $708 million versus the consensus estimate of $708.49 million.

GUIDANCE:

Stagwell Inc sees FY2023 EPS of $0.90-$1.05, versus the consensus of $0.46.

• Organic Net Revenue growth of 7.5% – 10%
• Organic Net Revenue growth ex-Advocacy of 10% – 14%
• Adjusted EBITDA of $450 million – $490 million
• Free Cash Flow Conversion of 50% – 60%
• Adjusted EPS of $0.90 – $1.05
• Guidance assumes no impact from foreign exchange, acquisitions or dispositions.

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

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