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

Clear Channel Outdoor (NYSE:CCO) is scheduled to announce its earnings results 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.Investors interested in registering for the company’s conference call can do so using this link.

Clear Channel Outdoor (NYSE:CCO) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate 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 Performance

Shares of CCO stock opened at $1.57 on Tuesday. The stock has a fifty day moving average price of $1.56 and a 200 day moving average price of $1.52. The stock has a market cap of $764.83 million, a PE ratio of -2.03 and a beta of 3.07. Clear Channel Outdoor has a 1 year low of $1.04 and a 1 year high of $2.06.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CCO shares. Barrington Research reissued an “outperform” rating and issued a $2.50 price target on shares of Clear Channel Outdoor in a report on Monday, August 12th. Wells Fargo & Company cut Clear Channel Outdoor from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $2.75 to $1.75 in a report on Thursday, September 19th.

About Clear Channel Outdoor

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.