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

Clear Channel Outdoor Holdings

26/02/2024 14:32

* Clear Channel Outdoor Holdings Inc  CCO.N  reported
quarterly
adjusted earnings of 5 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 20 cents.  The mean expectation of
six analysts for the quarter was for earnings of 4 cents per
share. Wall Street expected results to range from -1 cents to 8
cents per share.
    * Revenue fell 10.9% to $632.11 million from a year ago;
analysts
expected $610.15 million. 
    * Clear Channel Outdoor Holdings Inc's reported EPS for the
quarter was 5 cents​.
    * The company reported quarterly net income of $24.78
million.
    * Clear Channel Outdoor Holdings Inc shares had risen
by 3.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the advertising &
marketing peer group is  "hold."

Wall Street's median 12-month price target for Clear Channel
Outdoor Holdings Inc is $2.25 
This summary was machine generated from LSEG data February 26 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.04           0.05           Beat
 Sep. 30 2023      -0.08          -0.55          Missed
 Jun. 30 2023      -0.06          -0.08          Missed
 Mar. 31 2023      -0.18          -0.27          Missed