Stagwell Q4 Adj EPS $0.12 Misses $0.27 Estimate, Sales $654.89M Miss $663.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stagwell (NASDAQ:STGW) reported Q4 adjusted EPS of $0.12, missing the consensus estimate of $0.27 by 55.56%, and a 45.45% decrease from last year's $0.22. Sales were $654.89M, missing the $663.62M estimate by 1.31%, and a 7.52% decrease from last year's $708.18M.
February 27, 2024 | 12:03 pm
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NEGATIVE IMPACT
Stagwell reported a significant miss in both adjusted EPS and sales for Q4, with a notable year-over-year decline in performance.
The significant miss in both adjusted EPS and sales for Q4, compared to analyst estimates and the previous year's performance, suggests a negative short-term impact on STGW's stock price. The year-over-year decline in earnings and sales indicates underlying challenges that could affect investor sentiment and stock performance in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100