Stagwell (STGW) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.18 per share a year ago.
Organic growth set to accelerate in 2H24 and sustain at a high single-digit level through FY26. Multiple growth drivers in place, including expected improvement in the macro backdrop, net new business wins, and AI-related deals. Expectation for adj. EBITDA margin to expand as organic growth accelerates.
Stagwell Inc. (NASDAQ:STGW ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Ben Allanson - Investor Relations Mark Penn - Chairman & Chief Executive Officer Frank Lanuto - Chief Financial Officer Conference Call Participants Jason Kreyer - Craig-Hallum Mike Ng - Goldman Cameron McVeigh - Morgan Stanley Mark Zgutowicz - Benchmark Jeff Van Sinderen - B. Riley Ben Allanson Good morning from Stagwell's global headquarters in One World Trade Center, New York, and welcome to Stagwell Inc.'s earnings webcast for the Second Quarter of 2024.
Stagwell (STGW) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.16 per share a year ago.
Stagwell (STGW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.