Outfront Media (OUT - Free Report) reported $468.8 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 4.1%. EPS of $0.47 for the same period compares to $0.28 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $472.82 million, representing a surprise of -0.85%. The company delivered an EPS surprise of -7.45%, with the consensus EPS estimate being $0.51.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Outfront Media performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Non-GAAP Billboard Revenues- U.S. Media: $352.20 million versus the five-analyst average estimate of $354.18 million. The reported number represents a year-over-year change of +6.1%.
- Non-GAAP Transit and other Revenues- U.S. Media: $90.80 million versus $91.12 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +0.4% change.
- Non-GAAP Total revenues- U.S. Media: $443 million compared to the $445.31 million average estimate based on five analysts. The reported number represents a change of +4.9% year over year.
- Non-GAAP Total revenues- Other: $25.80 million compared to the $27.51 million average estimate based on five analysts. The reported number represents a change of -6.9% year over year.
- Non-GAAP Transit and other Revenues- Other: $6.40 million compared to the $5.92 million average estimate based on four analysts. The reported number represents a change of +10.3% year over year.
- Non-GAAP Billboard Revenues- Other: $19.40 million compared to the $21.76 million average estimate based on four analysts. The reported number represents a change of -11.4% year over year.
- Revenues- Billboard: $371.60 million compared to the $374.46 million average estimate based on two analysts. The reported number represents a change of +5% year over year.
- Revenues- Transit and other: $97.20 million compared to the $98.70 million average estimate based on two analysts. The reported number represents a change of +1% year over year.
- Net Earnings Per Share (Diluted): -$2.92 versus $0.22 estimated by five analysts on average.
- Other- Adjusted OIBDA: $6.70 million versus the two-analyst average estimate of $6.49 million.
- U.S.- Adjusted OIBDA: $128.10 million compared to the $137.86 million average estimate based on two analysts.
View all Key Company Metrics for Outfront Media here>>>Shares of Outfront Media have returned -5.5% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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Outfront Media (OUT - Free Report) reported $468.8 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 4.1%. EPS of $0.47 for the same period compares to $0.28 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $472.82 million, representing a surprise of -0.85%. The company delivered an EPS surprise of -7.45%, with the consensus EPS estimate being $0.51.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Outfront Media performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Non-GAAP Billboard Revenues- U.S. Media: $352.20 million versus the five-analyst average estimate of $354.18 million. The reported number represents a year-over-year change of +6.1%.
- Non-GAAP Transit and other Revenues- U.S. Media: $90.80 million versus $91.12 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +0.4% change.
- Non-GAAP Total revenues- U.S. Media: $443 million compared to the $445.31 million average estimate based on five analysts. The reported number represents a change of +4.9% year over year.
- Non-GAAP Total revenues- Other: $25.80 million compared to the $27.51 million average estimate based on five analysts. The reported number represents a change of -6.9% year over year.
- Non-GAAP Transit and other Revenues- Other: $6.40 million compared to the $5.92 million average estimate based on four analysts. The reported number represents a change of +10.3% year over year.
- Non-GAAP Billboard Revenues- Other: $19.40 million compared to the $21.76 million average estimate based on four analysts. The reported number represents a change of -11.4% year over year.
- Revenues- Billboard: $371.60 million compared to the $374.46 million average estimate based on two analysts. The reported number represents a change of +5% year over year.
- Revenues- Transit and other: $97.20 million compared to the $98.70 million average estimate based on two analysts. The reported number represents a change of +1% year over year.
- Net Earnings Per Share (Diluted): -$2.92 versus $0.22 estimated by five analysts on average.
- Other- Adjusted OIBDA: $6.70 million versus the two-analyst average estimate of $6.49 million.
- U.S.- Adjusted OIBDA: $128.10 million compared to the $137.86 million average estimate based on two analysts.
View all Key Company Metrics for Outfront Media here>>>Shares of Outfront Media have returned -5.5% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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