Outfront Media Inc Expected To Post Earnings Of 24 Cents A Share: Earnings Preview

Outfront Media

02/08/2023 03:02

* OUTFRONT Media Inc  OUT.N   OUT  is expected to show a
rise in
quarterly revenue when it reports  results on August 3. 
    * The New York City-based  company is expected to report  a
5.0% increase in revenue to $472.7 million from $450.2 million a
year ago, according to the mean estimate from 3 analysts, based
on Refinitiv data. The company's guidance on May 3 2023, for the
period ended June 30, was for revenue between $468.21 million
and $477.21 million.
    * ​Refinitiv's mean analyst estimate for OUTFRONT Media Inc
is for
earnings of 24 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," 1 "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for OUTFRONT
Media
Inc is $24​, above​ its last closing price of $15.44. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.12       -0.12      -0.19     Missed  -60.7
 Dec. 31 2023  0.37        0.37       0.34      Missed  -8.4
 Sep. 30 2022  0.23        0.25       0.23      Missed  -6.8​
 Jun. 30 2022  0.24        0.24       0.28      Beat    14.8
 ​​Mar.        -0.08       -0.08      -0.04     Beat    48.2
 31 2022                                                
 Dec. 31 2021  0.25        0.24       0.41      Beat    68​
 Sep. 30 2021  0.05        0.05       0.18      Beat    300
 Jun. 30 2021  -0.13       -0.11      -0.05     Beat    56.1
 This summary was machine generated August 2 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated