Clear Channel Outdoor Holdings Inc expected to post a loss of 17 cents a share - Earnings Preview

Clear Channel Outdoor Holdings

07/05/2024 18:21

* Clear Channel Outdoor Holdings Inc  CCO.N   CCO  is
expected
to show a fall in quarterly revenue when it reports  results on
May 9 for the period ending March 31 2024
    * The San Antonio Texas-based  company is expected to report
a
12.3% decrease in revenue to $478.554 million from $545.44
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on February
26 2024, for the period ended March 31, was for revenue between
$465.00 million and $490.00 million.
    * ​LSEG's mean analyst estimate for Clear Channel Outdoor
Holdings
Inc is for a loss of 17 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 4.9%
in the last three months. ​
    * Wall Street's median 12-month price target for Clear
Channel
Outdoor Holdings Inc is $2.40​, above​ its last closing price
of $1.53. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.04        0.04       0.05      Beat    29.9
 Sep. 30 2023  -0.08       -0.08      -0.55     Missed  -565.9
 Jun. 30 2023  -0.06       -0.06      -0.08     Missed  -27.7​
 Mar. 31 2023  -0.18       -0.18      -0.27     Missed  -49.7
 ​​Jan.        0.03        0.04       0.20      Beat    368.7
 1 0001                                                 
 Sep. 30 2022  -0.05       -0.05      -0.08     Missed  -55.9​
 Jun. 30 2022  -0.04       -0.04      -0.14     Missed  -229.4
 Mar. 31 2022  -0.16       -0.16      -0.19     Missed  -15.6
 This summary was machine generated May 7 at 17:21 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)