Stagwell (STGW) Set to Announce Earnings on Thursday

Stagwell (NASDAQ:STGW) is set to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Stagwell to post earnings of $0.19 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Stagwell (NASDAQ:STGW) last announced its earnings results on Thursday, August 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $671.20 million for the quarter, compared to the consensus estimate of $666.61 million. Stagwell had a positive return on equity of 7.06% and a negative net margin of 0.09%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. On average, analysts expect Stagwell to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Stagwell Stock Performance

Shares of STGW stock opened at $6.45 on Thursday. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -215.00 and a beta of 1.34. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50-day simple moving average of $6.93 and a 200 day simple moving average of $6.74. Stagwell has a 52 week low of $3.83 and a 52 week high of $7.50.

Analyst Upgrades and Downgrades

Several brokerages recently commented on STGW. Benchmark reaffirmed a “buy” rating and set a $8.50 target price on shares of Stagwell in a report on Wednesday, October 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $8.00 price objective on shares of Stagwell in a report on Monday, August 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $7.50 price objective on shares of Stagwell in a report on Monday, October 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $8.10.

About Stagwell

Stagwell Inc provides digital transformation, performance media and data, consumer insights and strategy, and creativity and communications services. The company operates through three segments: Integrated Agencies Network, Brand Performance Network, and Communications Network. It designs and builds digital platforms and experiences that support the delivery of content, commerce, service, and sales; creates websites, mobile applications, back-end systems, content and data management systems, and other digital environments; designs and implements technology and data strategies; and develops software and related technology products, including artificial intelligence (AI)-enabled communications, research, and media technology, cookie-less data platforms for advance targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement.