Overview
Out-of-home advertiser's Q4 revenue grew 8.2%, beating analyst expectations
Net income for Q4 beat analyst expectations
Company announced pending take-private merger with Mubadala Capital and TWG Global
Outlook
Company will not provide financial guidance due to pending take-private merger
Result Drivers
AMERICA SEGMENT - Revenue increased 6.1% due to growth in San Francisco/Bay Area and higher demand for print and digital billboards
AIRPORTS SEGMENT - Revenue increased 13.7% driven by strong advertising demand at major airports and higher digital revenue
Company press release: ID:nPn5Z9yWma
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $461.52 mln | $448.86 mln (5 Analysts) |
Q4 Net Income | Beat | $9.73 mln | $3.79 mln (4 Analysts) |
Q4 Adjusted EBITDA | Beat | $164.46 mln | $156.09 mln (5 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the advertising & marketing peer group is "buy."
Wall Street's median 12-month price target for Clear Channel Outdoor Holdings Inc is $2.10, about 12.5% below its February 25 closing price of $2.40
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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