Clear Channel Outdoor (CCO) Set to Announce Quarterly Earnings on Thursday

Clear Channel Outdoor (NYSE:CCO) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. Clear Channel Outdoor has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Clear Channel Outdoor (NYSE:CCO) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The company had revenue of $558.54 million during the quarter, compared to analysts’ expectations of $563.75 million. On average, analysts expect Clear Channel Outdoor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clear Channel Outdoor Stock Down 3.4 %

NYSE:CCO opened at $1.57 on Tuesday. The stock’s 50 day moving average price is $1.56 and its 200 day moving average price is $1.52. The company has a market capitalization of $764.83 million, a PE ratio of -2.03 and a beta of 3.07. Clear Channel Outdoor has a 52-week low of $1.04 and a 52-week high of $2.06.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barrington Research reiterated an “outperform” rating and issued a $2.50 target price on shares of Clear Channel Outdoor in a research note on Monday, August 12th. Wells Fargo & Company downgraded Clear Channel Outdoor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $2.75 to $1.75 in a research note on Thursday, September 19th.

Clear Channel Outdoor Company Profile

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.