Stagwell Expects 2024 Organic Net Revenue Growth Of 5%-7%, Adjusted EPS Of $0.75-$0.88 (Est $0.91)
Portfolio Pulse from Benzinga Newsdesk
Stagwell forecasts a 5%-7% organic net revenue growth for 2024, with an adjusted EPS range of $0.75-$0.88, which is below the estimated $0.91.
February 27, 2024 | 12:11 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Stagwell forecasts a 5%-7% organic net revenue growth for 2024, with an adjusted EPS range of $0.75-$0.88, below the estimated $0.91.
Stagwell's forecasted adjusted EPS is below the estimated $0.91, which could lead to negative investor sentiment and potentially lower stock prices in the short term. The projected organic net revenue growth, while positive, may not offset concerns over the lower-than-expected EPS.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100