Clear Channel Outdoor Holdings Inc expected to post earnings of 4 cents a share - Earnings Preview

Clear Channel Outdoor Holdings

23/02/2024 15:03

* Clear Channel Outdoor Holdings Inc  CCO.N   CCO  is
expected
to show a fall in quarterly revenue when it reports  results on
February 26 for the period ending December 31 2023
    * The San Antonio Texas-based  company is expected to report
a
14.0% decrease in revenue to $610.145 million from $709.16
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on November
8 2023, for the period ended December 31, was for revenue
between $591.00 million and $618.00 million.
    * ​LSEG's mean analyst estimate for Clear Channel Outdoor
Holdings
Inc is for earnings of 4 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Clear
Channel
Outdoor Holdings Inc is $2.25​, above​ its last closing price
of $1.82. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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​
 Dec. 31 2022  0.03        0.04       0.20      Beat    368.7
 ​​Sep.        -0.05       -0.05      -0.08     Missed  -55.9
 30 2022                                                
 Jun. 30 2022  -0.04       -0.04      -0.14     Missed  -229.4
                                                        ​
 Mar. 31 2022  -0.16       -0.16      -0.19     Missed  -15.6
 Dec. 31 2021  0.07        0.04       0.13      Beat    205.6
 This summary was machine generated February 23 at 15:03 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)