Clear Channel Outdoor Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

Clear Channel Outdoor Holdings

01/05/2025 14:31

Clear Channel Outdoor Holdings Inc CCO.N reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -19 cents.  The mean expectation of five analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from -14 cents to -10 cents per share.

Revenue fell 30.6% to $334.18 million from a year ago; analysts expected $337.22 million.

Clear Channel Outdoor Holdings Inc's reported EPS for the quarter was 13 cents​.

The company reported quarterly net income of $62.51 million.

Clear Channel Outdoor Holdings Inc shares had fallen by 11.3% this quarter and lost 28.2% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 0.5% 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 1 "strong buy" or "buy," 4 "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 $1.50

This summary was machine generated from LSEG data May 1 at 01:31 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
Mar. 31 2025
-0.13
0.13
Beat
Dec. 31 2024
0.01
-0.04
Missed
Sep. 30 2024
-0.06
-0.06
Met
Jun. 30 2024
-0.05
-0.08
Missed