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

Clear Channel Outdoor Holdings

29/10/2024 13:33

* Clear Channel Outdoor Holdings Inc  CCO.N   CCO  is
expected
to show a rise in quarterly revenue when it reports  results on
October 31 for the period ending June 30 2024
    * The San Antonio Texas-based  company is expected to report
a
5.8% increase in revenue to $557.415 million from $526.79
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on August 7
2024, for the period ended September 30, was for revenue between
$542.00 million and $567.00 million.
    * ​LSEG's mean analyst estimate for Clear Channel Outdoor
Holdings
Inc is for a loss of 5 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 had risen by
about 7.6%
in the last three months. ​
    * Wall Street's median 12-month price target for Clear
Channel
Outdoor Holdings Inc is 2.00​, above​ its last closing price
of $1.57. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   -0.05       -0.05      -0.08     Missed  -64.6
 Jan. 1 0001   -0.17       -0.17      -0.19     Missed  -9.4
 Dec. 31 2023  0.04        0.04       0.05      Beat    29.9​
 Sep. 30 2023  -0.06       -0.08      -0.55     Missed  -565.9
 ​​Jan.        -0.06       -0.06      -0.08     Missed  
 1 0001                                                 
 Mar. 31 2023  -0.18       -0.18      -0.27     Missed  -49.7​
 Jan. 1 0001   0.03        0.04       0.20      Beat    368.7
 Sep. 30 2022  -0.05       -0.05      -0.08     Missed  -55.9
 This summary was machine generated October 29 at 13:33 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)