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

Clear Channel Outdoor Holdings

09/05/2023 14:33

* Clear Channel Outdoor Holdings Inc  CCO.N  reported a
quarterly
adjusted loss of 27 cents​​ per share for the quarter ended in
March. The mean expectation of six analysts for the quarter was
for a loss of 18 cents per share.
    * Revenue rose 3.8% to $545.44 million from a year ago;
analysts
expected $537.33 million. 
    * Clear Channel Outdoor Holdings Inc's reported EPS for the
quarter was a loss of 7 cents​.
    * The mean earnings estimate of analysts had fallen by
about 3% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Clear Channel Outdoor Holdings Inc shares had risen
by 5.0% this
quarter and gained 20.0% so far this year.
    * The company reported a quarterly loss of $34.91 million.
    * Wall Street's median 12-month price target for Clear
Channel
Outdoor Holdings Inc is $1.75 
    * 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 May
9 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.04          -0.14          Missed