Outfront Media Inc Reports Results For The Quarter Ended In September: Earnings Summary

Outfront Media

02/11/2023 22:48

* OUTFRONT Media Inc  OUT.N  reported quarterly adjusted
earnings
of 9 cents​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of 23 cents.  The mean expectation of four analysts for the
quarter was for earnings of 13 cents per share. Wall Street
expected results to range from 11 cents to 17 cents per share.
    * Revenue rose 0.2% to $454.80 million from a year ago;
analysts
expected $460.87 million. 
    * OUTFRONT Media Inc's reported EPS for the quarter was 9
cents​.
    * The company reported quarterly net income of $17 million.
    * OUTFRONT Media Inc shares had fallen by 3.0% this
quarter and
lost 40.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for OUTFRONT Media
Inc is $15.00 
This summary was machine generated from LSEG data November 2 at
10:47 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.46           0.46           Met
 Jun. 30 2023      0.50           0.47           Missed
 Mar. 31 2023      0.14           0.05           Missed
 Dec. 31 2022      0.53           0.56           Beat