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

Clear Channel Outdoor Holdings

07/08/2023 14:30

* Clear Channel Outdoor Holdings Inc  CCO.N  reported a
quarterly
adjusted loss of 8 cents​​ per share for the quarter ended in
June. The mean expectation of six analysts for the quarter was
for a loss of 6 cents per share.
    * Revenue fell 1% to $637.24 million from a year ago;
analysts
expected $639.87 million. 
    * Clear Channel Outdoor Holdings Inc's reported EPS for the
quarter was a loss of 8 cents​.
    * The mean earnings estimate of analysts had fallen by
about 101.1% 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 22.6%
this quarter and gained 60.0% so far this year.
    * The company reported a quarterly loss of $37.3 million.
    * Wall Street's median 12-month price target for Clear
Channel
Outdoor Holdings Inc is $1.50 
    * 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 LSEG Refinitiv data
August 7 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.06          -0.08          Missed
 Mar. 31 2023      -0.18          -0.27          Missed
 Dec. 31 2022      0.04           0.20           Beat
 Sep. 30 2022      -0.05          -0.08          Missed