Stagwell Inc (STGW) Misses Q4 EPS by 16c, offers outlook

Stagwell Inc (NASDAQ: STGW) reported Q4 EPS of $0.12, $0.16 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $654.8 million versus the consensus estimate of $684.84 million.

GUIDANCE:

Stagwell Inc sees FY2024 EPS of $0.75-0.88, versus the consensus of $0.91.
Organic Net Revenue growth of 5% to 7%
Organic Net Revenue excluding Advocacy growth of 4% to 5%
Adjusted EBITDA of $400 million to $450 million
Free Cash Flow Conversion of approximately 50%
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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