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

Clear Channel Outdoor Holdings

07/08/2024 15:22

* Clear Channel Outdoor Holdings Inc  CCO.N  reported a
quarterly
adjusted loss of 8 cents​​ per share for the quarter ended in
January, identical to the same quarter last year.  The mean
expectation of six analysts for the quarter was for a loss of 5
cents per share. Wall Street expected results to range from -8
cents to -3 cents per share.
    * Revenue fell 12.3% to $558.54 million from a year ago;
analysts
expected $562.37 million. 
    * Clear Channel Outdoor Holdings Inc's reported EPS for the
quarter was a loss of 8 cents​.
    * The company reported a quarterly loss of $39.17 million.
    * Clear Channel Outdoor Holdings Inc shares had risen
by 0.7% this
quarter and lost 22.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $2.50 
This summary was machine generated from LSEG data August 7 at
02:22 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
 Jun. 30 2024      -0.05          -0.08          Missed
 Mar. 31 2024      -0.17          -0.19          Missed
 Dec. 31 2023      0.04           0.05           Beat
 Sep. 30 2023      -0.08          -0.55          Missed