Stagwell Inc (STGW) Misses Q2 EPS by 2c, provides guidance

Stagwell Inc (NASDAQ: STGW) reported Q2 EPS of $0.14, $0.02 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $671 million versus the consensus estimate of $666.6 million.

GUIDANCE:

Stagwell Inc sees FY2024 EPS of $0.75-$0.88, versus the consensus of $0.78.
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%

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

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