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Stagwell (STGW)
NASDAQ:STGW
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.25Last Year’s EPS
0.12Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 03, 2021
|% Change Since: -8.29%
|Next Earnings Date:Aug 04, 2021
Earnings Call Sentiment|Positive
The earnings call reflects a robust quarter for Stagwell, marked by strong revenue growth across multiple segments, record new business wins, and strategic expansions in the MENA region. However, the high leverage ratio and dependence on advocacy for growth are notable concerns. Overall, the company is optimistic about future growth, especially in digital transformation and AI-driven projects.Company Guidance
During the Q3 2024 earnings call for Stagwell Inc., the company reaffirmed its full-year guidance, projecting organic net revenue growth between 5% to 7% and adjusted EBITDA between $400 million to $450 million. The company's third-quarter performance was robust, with a 15% increase in total revenue to $711 million and a net revenue rise of 8% to $580 million. Digital transformation and advocacy led growth with increases of 25% and 85%, respectively. The Stagwell Marketing Cloud also showed a strong 30% year-over-year growth, contributing $74 million in revenue. The company maintained a 19.2% EBITDA margin on net revenue, improved by effective cost management and a 22.2% margin excluding cloud investments. Stagwell's significant new business wins totaled $101 million, and the firm's top 25 customer relationships averaged $25 million annually. The company continued its stock buyback program, expanding it by $125 million, and noted a strong balance sheet with $146 million in cash.Strong Revenue Growth
Stagwell achieved $711 million in revenue, marking a 15% growth in the third quarter. This growth was driven by 85% growth in advocacy, 25% in digital transformation, and 30% growth in the Stagwell Marketing Cloud.
Record Net New Business
Stagwell posted a net new business figure of $101 million, bringing the LTM new business to $345 million, a company record. The total number of wins increased by 32% year-over-year, and the average size of wins above $1 million increased by 74%.
Expansion in MENA Region
Stagwell acquired Consulum and expanded Assembly and Forsman & Bodenfors in the MENA region, resulting in a 128% year-over-year revenue growth for the region in Q3.
Growth in Stagwell Marketing Cloud
SMC grew 30% year-over-year to $74 million, with a 23% organic net revenue growth. The addition of BERA.ai and the expansion of Wonder Cave contributed significantly to this growth.
Improved Operational Efficiency
Stagwell improved margins through effective cost management, reducing personnel staffing costs as a percentage of net revenue by 179 basis points to 60.9%.
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STGW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STGW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $7.12 | $7.33 | +2.95% |
| Aug 01, 2024 | $6.68 | $6.31 | -5.54% |
| May 01, 2024 | $5.95 | $6.74 | +13.28% |
| Feb 27, 2024 | $7.02 | $5.26 | -25.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Stagwell (STGW) report earnings?
Stagwell (STGW) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Stagwell (STGW) earnings time?
Stagwell (STGW) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STGW EPS forecast?
STGW EPS forecast for the fiscal quarter 2024 (Q4) is 0.25.
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