Stagwell Q2 2024 Adj. EPS $0.14 Misses $0.17 Estimate, Sales $671.168M Beat $652.733M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stagwell (NASDAQ:STGW) reported Q2 2024 earnings per share of $0.14, missing the analyst estimate of $0.17. However, the company beat sales estimates with $671.168 million, a 6.15% increase from the same period last year.
August 01, 2024 | 11:03 am
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Stagwell's Q2 2024 earnings per share of $0.14 missed the analyst estimate of $0.17, but the company reported higher-than-expected sales of $671.168 million, a 6.15% increase from last year.
The mixed results, with an earnings miss but a sales beat, suggest a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the positive sales growth.
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