Clear Channel Outdoor Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Clear Channel Outdoor Holdings

01/11/2024 03:01

* Clear Channel Outdoor Holdings Inc  CCO.N  reported a
quarterly
adjusted loss of 6 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of -55 cents.  The mean expectation of
six analysts for the quarter was for a loss of 6 cents per
share. Wall Street expected results to range from -8 cents to -4
cents per share.
    * Revenue rose 6.1% to $558.99 million from a year ago;
analysts
expected $557.41 million. 
    * Clear Channel Outdoor Holdings Inc's reported EPS for the
quarter was a loss of 6 cents​.
    * The company reported a quarterly loss of $32.54 million.
    * Clear Channel Outdoor Holdings Inc shares had fallen
by 6.3%
this quarter and lost 17.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.1%
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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the advertising &
marketing peer group is also "hold"

Wall Street's median 12-month price target for Clear Channel
Outdoor Holdings Inc is 2.00 
This summary was machine generated from LSEG data November 1 at
03:01 a.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
 Sep. 30 2024      -0.06          -0.06          Met
 Jun. 30 2024      -0.05          -0.08          Missed
 Mar. 31 2024      -0.17          -0.19          Missed
 Dec. 31 2023      0.04           0.05           Beat