Clear Channel Outdoor Holdings Inc reports results for the quarter ended in December - Earnings Summary

Clear Channel Outdoor Holdings

28/02/2023 14:46

* Clear Channel Outdoor Holdings Inc  CCO.N  reported
quarterly
adjusted earnings of 20 cents​​ per share for the quarter ended
in December. The mean expectation of six analysts for the
quarter was for earnings of 4 cents per share.
    * Revenue fell 4.5% to $709.16 million from a year ago;
analysts
expected $705.50 million. 
    * Clear Channel Outdoor Holdings Inc's reported EPS for the
quarter was 20 cents​.
    * The mean earnings estimate of analysts had risen by
about 12.8%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Clear Channel Outdoor Holdings Inc shares had risen
by 47.6%
this quarter.
    * The company reported quarterly net income of $98.69
million.
    * Wall Street's median 12-month price target for Clear
Channel
Outdoor Holdings Inc is $1.90 
    * 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." 

This summary was machine generated from Refinitiv data February
28 at 02:45 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.04           0.20           Beat
 Sep. 30 2022      -0.05          -0.08          Missed
 Jun. 30 2022      -0.04          -0.14          Missed
 Mar. 31 2022      -0.16          -0.19          Missed