Clear Channel Outdoor (CCO) Scheduled to Post Quarterly Earnings on Thursday

Clear Channel Outdoor (NYSE:CCO) will be releasing its earnings data before the market opens on Thursday, October 31st. Analysts expect Clear Channel Outdoor to post 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.Individual interested in participating in the company’s earnings conference call can do so using this link.

Clear Channel Outdoor (NYSE:CCO) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $558.54 million for the quarter, compared to analyst estimates 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 Performance

Shares of NYSE CCO opened at $1.54 on Wednesday. The firm’s 50 day moving average price is $1.56 and its 200-day moving average price is $1.52. Clear Channel Outdoor has a 52-week low of $1.04 and a 52-week high of $2.06. The company has a market cap of $750.17 million, a PE ratio of -1.99 and a beta of 3.07.

Analyst Upgrades and Downgrades

CCO has been the topic of several recent analyst reports. Barrington Research reiterated an “outperform” rating and set 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 price target for the company from $2.75 to $1.75 in a report 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.