Stagwell Q2 Adj EPS $0.16 Misses $0.20 Estimate, Sales $632.26M Miss $658.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stagwell (NASDAQ:STGW) reported Q2 earnings of $0.16 per share, missing the analyst consensus estimate of $0.20 by 20%. The company also reported quarterly sales of $632.26 million, missing the analyst consensus estimate of $658.88 million by 4.04%. This represents a 6.04% decrease over sales of $672.91 million the same period last year.
August 08, 2023 | 11:06 am
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NEGATIVE IMPACT
Stagwell's Q2 earnings and sales missed analyst estimates, which could negatively impact the company's stock in the short term.
Stagwell's earnings and sales for Q2 were both below analyst estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100