Stagwell Q3 Adj EPS $0.18 Misses $0.20 Estimate, Sales $617.57M Miss $631.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stagwell (NASDAQ:STGW) reported Q3 adjusted earnings of $0.18 per share, missing the analyst consensus estimate of $0.20 by 10%. This is a 14.29% decrease from the same period last year. The company also reported quarterly sales of $617.57 million, missing the analyst consensus estimate of $631.35 million by 2.18%. This is a 6.96% decrease from the same period last year.
November 02, 2023 | 11:12 am
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Stagwell's Q3 earnings and sales missed estimates, with a YoY decrease in both earnings per share and sales. This could potentially impact the company's stock negatively in the short term.
Stagwell's Q3 earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. This, combined with the YoY decrease in both earnings per share and sales, could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100