Stagwell Inc. (STGW) stock soared 5.07% in the pre-market trading session on Thursday, as the company posted strong fourth-quarter 2024 results that surpassed Wall Street expectations and issued an upbeat full-year outlook.
For the quarter ended December 31, 2024, Stagwell reported adjusted earnings per share of $0.24, meeting analysts' consensus estimate. Revenue rose 20.4% year-over-year to $788.7 million, exceeding the FactSet consensus of $750.6 million.
Looking ahead, the company expects adjusted earnings per share for the full year 2025 to fall within the range of $0.75 to $0.88. Analysts polled by FactSet were anticipating $0.85 per share, suggesting Stagwell's guidance was largely in line with expectations.
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