Stagwell Inc (STGW) Tops Q1 EPS by 2c, reaffirms guidance

Stagwell Inc (NASDAQ: STGW) reported Q1 EPS of 0.16, $0.02 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $670 million versus the consensus estimate of $629.2 million.

Financial Outlook

2024 financial guidance is reiterated as follows:

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%
Adjusted EPS of $0.75 - $0.88, versus the consensus of $0.78
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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