* Clear Channel Outdoor Holdings Inc reported a quarterly adjusted loss of 6 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -55 cents. The mean expectation of six analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -8 cents to -4 cents per share.
* Revenue rose 6.1% to $558.99 million from a year ago; analysts expected $557.41 million.
* Clear Channel Outdoor Holdings Inc's reported EPS for the quarter was a loss of 6 cents.
* The company reported a quarterly loss of $32.54 million.
* Clear Channel Outdoor Holdings Inc shares had fallen by 6.3% this quarter and lost 17.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 6.1% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the advertising & marketing peer group is also "hold"
Wall Street's median 12-month price target for Clear Channel Outdoor Holdings Inc is 2.00 This summary was machine generated from LSEG data November 1 at 03:01 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 -0.06 -0.06 Met
Jun. 30 2024 -0.05 -0.08 Missed
Mar. 31 2024 -0.17 -0.19 Missed
Dec. 31 2023 0.04 0.05 Beat
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