Clear Channel Outdoor Holdings Inc expected to post a loss of 6 cents a share - Earnings Preview

Clear Channel Outdoor Holdings

04/08/2023 19:36

* Clear Channel Outdoor Holdings Inc  CCO.N   CCO  is
expected
to show a fall in quarterly revenue when it reports  results on
August 7. 
    * The San Antonio Texas-based  company is expected to report
 a
0.5% decrease in revenue to $639.871 million from $643.38
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on May
9 2023, for the period ended June 30, was for revenue between
$635.00 million and $660.00 million.
    * ​Refinitiv's mean analyst estimate for Clear Channel
Outdoor
Holdings Inc is for a loss of 6 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Clear
Channel
Outdoor Holdings Inc is $1.5​, below​ its last closing price
of $1.66. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.18       -0.18      -0.27     Missed  -49.7
 Dec. 31 2023  0.03        0.04       0.20      Beat    368.7
 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.        -0.16       -0.16      -0.19     Missed  -15.6
 31 2022                                                
 Dec. 31 2021  0.07        0.04       0.13      Beat    205.6​
 Sep. 30 2021  -0.09       -0.09      -0.09     Met     -1.8
 Jun. 30 2021  -0.22       -0.22      -0.16     Beat    26.9
 This summary was machine generated August 4 at 18:36 GMT.  All
figures in US dollars  unless otherwise stated