Stagwell Reiterated FY24 Organic Net Revenue Growth Of 5%-7% YoY, Adjusted EPS of $0.75–$0.88 Vs $0.78 Est
Portfolio Pulse from Benzinga Newsdesk
Stagwell has reiterated its financial guidance for FY24, projecting organic net revenue growth of 5%-7% YoY and adjusted EPS of $0.75-$0.88, compared to the $0.78 estimate. The company also expects adjusted EBITDA of $400 million to $450 million and free cash flow conversion of approximately 50%.
August 01, 2024 | 11:40 am
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Stagwell has reiterated its FY24 financial guidance, projecting organic net revenue growth of 5%-7% YoY and adjusted EPS of $0.75-$0.88. The company also expects adjusted EBITDA of $400 million to $450 million and free cash flow conversion of approximately 50%.
The reiteration of financial guidance, including positive growth projections and adjusted EPS, is likely to boost investor confidence in the short term. The expected adjusted EBITDA and free cash flow conversion further support a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100