Stagwell (STGW) to Release Quarterly Earnings on Thursday

Stagwell (NASDAQ:STGW - Get Free Report) will announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Stagwell (NASDAQ:STGW - Get Free Report) last released 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). Stagwell had a negative net margin of 0.09% and a positive return on equity of 7.06%. The firm had revenue of $671.20 million during the quarter, compared to analyst estimates of $666.61 million. During the same period last year, the business posted $0.12 earnings per share. The firm's quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts expect Stagwell to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Stagwell Trading Down 3.7 %

Stagwell stock traded down $0.24 during midday trading on Thursday, hitting $6.21. 366,405 shares of the stock were exchanged, compared to its average volume of 520,050. Stagwell has a 52 week low of $3.83 and a 52 week high of $7.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $1.64 billion, a PE ratio of -322.50 and a beta of 1.34. The company has a fifty day simple moving average of $6.93 and a two-hundred day simple moving average of $6.74.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on STGW shares. Rosenblatt Securities reissued a "buy" rating and issued a $8.00 price target on shares of Stagwell in a report on Monday, August 5th. Needham & Company LLC reissued a "buy" rating and issued a $7.50 target price on shares of Stagwell in a research note on Monday, October 21st. Finally, Benchmark restated a "buy" rating and issued a $8.50 price target on shares of Stagwell in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Stagwell currently has a consensus rating of "Moderate Buy" and a consensus 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.